American Eagle Outfitters, Inc. $AEO Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,166 shares of the apparel retailer’s stock after selling 23,171 shares during the period. Maryland State Retirement & Pension System’s holdings in American Eagle Outfitters were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. lifted its stake in American Eagle Outfitters by 41.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock valued at $22,196,000 after buying an additional 678,536 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of American Eagle Outfitters by 59.6% during the second quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock valued at $1,045,000 after acquiring an additional 40,563 shares during the last quarter. Savant Capital LLC lifted its position in shares of American Eagle Outfitters by 170.8% in the second quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock valued at $396,000 after acquiring an additional 25,962 shares in the last quarter. Caxton Associates LLP boosted its stake in shares of American Eagle Outfitters by 212.2% in the second quarter. Caxton Associates LLP now owns 230,312 shares of the apparel retailer’s stock worth $2,216,000 after acquiring an additional 156,544 shares during the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in shares of American Eagle Outfitters during the third quarter worth approximately $895,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 1,896 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total value of $5,906,042.10. Following the transaction, the insider owned 191,751 shares in the company, valued at $4,659,549.30. This trade represents a 55.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 246,839 shares of company stock valued at $6,004,388. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Down 4.1%

Shares of American Eagle Outfitters stock opened at $24.10 on Friday. The stock has a 50 day moving average of $24.36 and a 200 day moving average of $18.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 8.15 and a beta of 1.39. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a dividend of $0.125 per share. The ex-dividend date was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley set a $23.00 price objective on American Eagle Outfitters in a report on Wednesday, December 3rd. Bank of America increased their target price on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Barclays boosted their price target on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 6th. Finally, TD Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.45.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.