American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,119,450 shares of the apparel retailer’s stock after purchasing an additional 197,612 shares during the period. Northern Trust Corp’s holdings in American Eagle Outfitters were worth $35,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of American Eagle Outfitters by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock worth $170,431,000 after acquiring an additional 413,193 shares in the last quarter. Wellington Management Group LLP boosted its holdings in American Eagle Outfitters by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock valued at $165,594,000 after purchasing an additional 184,067 shares in the last quarter. American Century Companies Inc. increased its stake in American Eagle Outfitters by 9.4% in the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after purchasing an additional 472,683 shares during the last quarter. Principal Financial Group Inc. raised its holdings in American Eagle Outfitters by 8.4% during the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of American Eagle Outfitters by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock worth $47,976,000 after buying an additional 381,047 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $11.14 on Friday. American Eagle Outfitters, Inc. has a 1 year low of $9.45 and a 1 year high of $25.15. The stock has a market capitalization of $1.92 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.82 and a beta of 1.56. The company’s fifty day moving average is $11.28 and its two-hundred day moving average is $14.95.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given 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 4.49%. American Eagle Outfitters’s payout ratio is currently 29.76%.

Analysts Set New Price Targets

A number of research analysts recently commented on AEO shares. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley decreased their target price on American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday. Barclays lowered American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $15.40.

American Eagle Outfitters 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.