State of Alaska Department of Revenue Sells 3,115 Shares of American Eagle Outfitters, Inc. $AEO

State of Alaska Department of Revenue decreased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,747 shares of the apparel retailer’s stock after selling 3,115 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of American Eagle Outfitters worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AEO. GAMMA Investing LLC boosted its stake in American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 1,841 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 1,165 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of American Eagle Outfitters by 654,400.0% in the first quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 6,544 shares during the period. Merit Financial Group LLC acquired a new position in shares of American Eagle Outfitters in the first quarter valued at approximately $131,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Eagle Outfitters in the first quarter valued at approximately $135,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of AEO opened at $15.75 on Tuesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 15.14 and a beta of 1.60. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $22.10. The company’s fifty day simple moving average is $15.17 and its 200 day simple moving average is $12.28. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. On average, research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, October 10th. American Eagle Outfitters’s payout ratio is currently 48.08%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Janice E. Page sold 26,869 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.04, for a total value of $484,716.76. Following the transaction, the director directly owned 90,383 shares in the company, valued at $1,630,509.32. The trade was a 22.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer M. Foyle sold 54,950 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.14, for a total transaction of $996,793.00. Following the completion of the transaction, the insider owned 221,107 shares in the company, valued at approximately $4,010,880.98. This represents a 19.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,821 shares of company stock valued at $2,465,436. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, September 4th. BTIG Research assumed coverage on shares of American Eagle Outfitters in a report on Thursday, September 18th. They issued a “neutral” rating for the company. Barclays upped their price target on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. Morgan Stanley upped their price target on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Finally, Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $14.72.

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.