New York State Teachers Retirement System Grows Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

New York State Teachers Retirement System raised its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,469 shares of the apparel retailer’s stock after buying an additional 7,649 shares during the period. New York State Teachers Retirement System owned about 0.12% of American Eagle Outfitters worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AEO. BlackRock Inc. boosted its holdings in American Eagle Outfitters by 4.3% in the second quarter. BlackRock Inc. now owns 29,721,106 shares of the apparel retailer’s stock valued at $350,709,000 after purchasing an additional 1,212,617 shares during the period. Vanguard Group Inc. boosted its holdings in American Eagle Outfitters by 0.3% in the third quarter. Vanguard Group Inc. now owns 20,453,599 shares of the apparel retailer’s stock valued at $339,734,000 after purchasing an additional 60,418 shares during the period. State Street Corp boosted its holdings in American Eagle Outfitters by 7.2% in the second quarter. State Street Corp now owns 7,243,454 shares of the apparel retailer’s stock valued at $85,473,000 after purchasing an additional 488,571 shares during the period. Pacer Advisors Inc. boosted its holdings in American Eagle Outfitters by 37.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock valued at $128,927,000 after purchasing an additional 1,663,569 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in American Eagle Outfitters by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,924,912 shares of the apparel retailer’s stock valued at $99,543,000 after purchasing an additional 72,940 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Cary D. Mcmillan sold 1,908 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 24,271 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $20.11, for a total value of $488,089.81. Following the completion of the sale, the insider now directly owns 232,459 shares in the company, valued at approximately $4,674,750.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,953 shares of company stock valued at $3,511,875. 7.50% of the stock is owned by corporate insiders.

American Eagle Outfitters Stock Down 2.2 %

Shares of AEO stock opened at $23.07 on Friday. The stock has a market capitalization of $4.55 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.59. American Eagle Outfitters, Inc. has a 52-week low of $9.95 and a 52-week high of $26.44. The stock’s 50-day moving average price is $23.51 and its 200 day moving average price is $20.63.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current fiscal year.

American Eagle Outfitters announced that its board has initiated a share repurchase plan on Thursday, February 1st that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 58.14%.

Analysts Set New Price Targets

AEO has been the subject of a number of recent research reports. Bank of America lifted their target price on American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Telsey Advisory Group raised their price target on American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, March 8th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Tuesday, April 9th. Citigroup raised their price target on American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Finally, UBS Group raised their price target on American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.27.

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.