Nuveen Asset Management LLC Has $22.29 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Nuveen Asset Management LLC raised its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,337,245 shares of the apparel retailer’s stock after acquiring an additional 191,094 shares during the period. Nuveen Asset Management LLC’s holdings in American Eagle Outfitters were worth $22,292,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its position in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Huntington National Bank boosted its stake in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 1,475 shares in the last quarter. Principal Securities Inc. boosted its stake in American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after purchasing an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $45,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 1,944 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $10.72 on Friday. The firm has a fifty day moving average of $11.25 and a two-hundred day moving average of $14.39. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.82 and a beta of 1.56. American Eagle Outfitters, Inc. has a 52 week low of $9.45 and a 52 week high of $24.26.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.125 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.66%. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AEO shares. Bank of America reduced their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. UBS Group reduced their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 14th. BMO Capital Markets dropped their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.