Nuveen Asset Management LLC Purchases 191,094 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Nuveen Asset Management LLC grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337,245 shares of the apparel retailer's stock after buying an additional 191,094 shares during the period. 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 hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after buying an additional 937 shares in the last quarter. Huntington National Bank grew its stake in American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after buying an additional 1,475 shares in the last quarter. Principal Securities Inc. grew its stake in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after buying an additional 2,463 shares in the last quarter. Park Place Capital Corp purchased a new position in American Eagle Outfitters in the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC grew its stake in American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after buying an additional 1,944 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

NYSE:AEO traded up $0.12 during midday trading on Thursday, reaching $11.21. 2,738,970 shares of the stock traded hands, compared to its average volume of 6,478,773. The company has a fifty day moving average of $11.19 and a 200 day moving average of $14.23. American Eagle Outfitters, Inc. has a 12 month low of $9.44 and a 12 month high of $24.26. The stock has a market capitalization of $1.94 billion, a P/E ratio of 9.58, a PEG ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.46%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group cut their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Bank of America cut their price objective 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. Barclays cut their price objective 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. Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Finally, Morgan Stanley cut their price objective on shares of American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.80.

About American Eagle Outfitters

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.