Nuveen Asset Management LLC Raises Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Nuveen Asset Management LLC increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,337,245 shares of the apparel retailer's stock after purchasing an additional 191,094 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.70% of American Eagle Outfitters worth $22,292,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of American Eagle Outfitters by 51.8% in the 3rd quarter. Barclays PLC now owns 298,263 shares of the apparel retailer's stock worth $6,679,000 after acquiring an additional 101,795 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at approximately $195,000. Park Place Capital Corp purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at approximately $45,000. Blue Trust Inc. lifted its stake in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after buying an additional 937 shares in the last quarter. Finally, KBC Group NV boosted its holdings in American Eagle Outfitters by 35.1% in the 4th quarter. KBC Group NV now owns 14,120 shares of the apparel retailer's stock valued at $235,000 after purchasing an additional 3,668 shares during the period. Institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

AEO traded up $0.05 on Wednesday, reaching $11.15. 5,548,631 shares of the company's stock were exchanged, compared to its average volume of 5,553,311. The stock has a market cap of $1.93 billion, a PE ratio of 9.53, a P/E/G ratio of 0.82 and a beta of 1.56. American Eagle Outfitters, Inc. has a twelve month low of $9.45 and a twelve month high of $24.26. The stock's fifty day moving average price is $11.21 and its 200-day moving average price is $14.25.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 29.76%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AEO shares. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. BMO Capital Markets decreased their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. Barclays decreased their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Bank of America decreased their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Wall Street Zen downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and a consensus price target of $14.80.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.