Teacher Retirement System of Texas Has $310,000 Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Teacher Retirement System of Texas reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 41.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,680 shares of the apparel retailer’s stock after selling 19,235 shares during the quarter. Teacher Retirement System of Texas’ holdings in American Eagle Outfitters were worth $310,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its position in shares of American Eagle Outfitters by 38.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after purchasing an additional 1,165 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at approximately $440,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at approximately $18,927,000. Wealth Enhancement Advisory Services LLC grew its position in shares of American Eagle Outfitters by 319.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer’s stock valued at $518,000 after purchasing an additional 33,938 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at approximately $451,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AEO shares. Citigroup reiterated a “neutral” rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, May 14th. Wall Street Zen lowered American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. Barclays decreased their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 12th. Finally, Telsey Advisory Group boosted their target price on American Eagle Outfitters to $12.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.70.

American Eagle Outfitters Trading Down 1.2%

NYSE AEO opened at $9.94 on Friday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.14 and a beta of 1.45. The stock’s 50 day moving average price is $10.42 and its two-hundred day moving average price is $12.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.83.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Friday, July 11th. American Eagle Outfitters’s dividend payout ratio is currently 51.02%.

About American Eagle Outfitters

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.