American Eagle Outfitters, Inc. $AEO Stock Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,864 shares of the apparel retailer’s stock after selling 72,890 shares during the period. New York State Common Retirement Fund owned about 0.21% of American Eagle Outfitters worth $5,986,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AEO. XTX Topco Ltd boosted its holdings in American Eagle Outfitters by 59.6% in the second quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock worth $1,045,000 after purchasing an additional 40,563 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in American Eagle Outfitters during the third quarter valued at about $1,426,000. 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 worth $396,000 after buying an additional 25,962 shares during the last quarter. Caxton Associates LLP boosted its stake in shares of American Eagle Outfitters by 212.2% during the 2nd 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 in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $895,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on AEO. TD Cowen restated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $20.00 in a research report on Wednesday, December 3rd. Morgan Stanley set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Barclays upped their price objective on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a report 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.45.

Insider Activity at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider directly owned 191,751 shares in the company, valued at $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel Joseph Spiegel sold 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. The disclosure for this sale is available in the SEC filing. Insiders have sold 246,839 shares of company stock worth $6,004,388 over the last three months. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Down 4.5%

Shares of AEO stock opened at $23.09 on Friday. The firm has a market capitalization of $3.91 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 6.38 and a beta of 1.42. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46. The firm’s fifty day simple moving average is $25.26 and its 200 day simple moving average is $18.94. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

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

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. American Eagle Outfitters’s dividend payout ratio (DPR) is 43.10%.

American Eagle Outfitters Company 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.