Nykredit A S Takes $46.02 Million Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Nykredit A/S acquired 2.68 million shares of American Eagle Outfitters in the second quarter, valued at approximately $46.0 million and representing about 1.6% of the company.
• Institutional investors own 97.33% of AEO, with several firms—including Canada Pension Plan Investment Board and NFJ Investment Group—also initiating or increasing positions.
• AEO recently traded at $16.70 and pays an annualized dividend of $0.50, yielding about 3%. Analysts maintain a consensus “Hold” rating with an average price target of $20.09.

Nykredit A S acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,675,749 shares of the apparel retailer's stock, valued at approximately $46,023,000. Nykredit A S owned approximately 1.60% of American Eagle Outfitters at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at $7,518,000. Goldman Sachs Group Inc. increased its position in American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer's stock worth $158,231,000 after purchasing an additional 680,332 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of American Eagle Outfitters by 151,993.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer's stock worth $1,725,000 after purchasing an additional 65,357 shares in the last quarter. NFJ Investment Group LLC purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $10,962,000. Finally, Hillsdale Investment Management Inc. bought a new stake in American Eagle Outfitters in the first quarter worth $5,490,000. Institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Trading Up 0.7%

AEO opened at $16.70 on Thursday. The firm has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $17.91. American Eagle Outfitters, Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $28.46. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 3.62 and a beta of 1.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters's dividend payout ratio is currently 30.86%.

Analyst Ratings Changes

AEO has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, June 1st. JPMorgan Chase & Co. upped their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Barclays dropped their price objective on shares of American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, May 29th. Wall Street Zen lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, William Blair restated a "buy" rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.09.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the transaction, the director directly owned 53,481 shares in the company, valued at $921,477.63. The trade was a 9.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,563 shares of company stock valued at $196,599. 8.95% of the stock is currently owned by company insiders.

About American Eagle Outfitters

American Eagle Outfitters, Inc NYSE: AEO is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company's flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

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