Norden Group LLC Invests $541,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Norden Group LLC bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 32,482 shares of the apparel retailer’s stock, valued at approximately $541,000.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 1,944 shares in the last quarter. US Bancorp DE grew its position in American Eagle Outfitters by 1,673.7% during the fourth quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer’s stock valued at $1,036,000 after buying an additional 58,631 shares during the period. Versor Investments LP grew its position in American Eagle Outfitters by 7.7% during the fourth quarter. Versor Investments LP now owns 70,874 shares of the apparel retailer’s stock valued at $1,181,000 after buying an additional 5,074 shares during the period. Y Intercept Hong Kong Ltd grew its position in American Eagle Outfitters by 835.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 140,130 shares of the apparel retailer’s stock valued at $2,336,000 after buying an additional 125,146 shares during the period. Finally, Hussman Strategic Advisors Inc. grew its position in American Eagle Outfitters by 40.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the apparel retailer’s stock valued at $2,450,000 after buying an additional 42,000 shares during the period. Institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEO. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Barclays restated an “equal weight” rating and set a $17.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Bank of America reduced their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $20.44.

American Eagle Outfitters Stock Down 6.3 %

NYSE AEO opened at $12.26 on Tuesday. American Eagle Outfitters, Inc. has a 52 week low of $12.22 and a 52 week high of $26.44. The company has a market cap of $2.36 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53. The firm’s 50-day simple moving average is $15.64 and its two-hundred day simple moving average is $18.22.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is 42.74%.

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.