American Eagle Outfitters, Inc. $AEO Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 45.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,334 shares of the apparel retailer’s stock after selling 46,915 shares during the period. Illinois Municipal Retirement Fund’s holdings in American Eagle Outfitters were worth $947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AEO. Jackson Creek Investment Advisors LLC purchased a new stake in American Eagle Outfitters during the 3rd quarter worth $407,000. XTX Topco Ltd boosted its position in shares of 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 buying an additional 40,563 shares during the period. SummerHaven Investment Management LLC acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at about $1,426,000. Convergence Investment Partners LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at about $4,165,000. Finally, Savant Capital LLC lifted its position in American Eagle Outfitters by 170.8% during the 2nd quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock worth $396,000 after acquiring an additional 25,962 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $25.07 on Thursday. The stock has a market capitalization of $4.25 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 6.52 and a beta of 1.42. The business’s fifty day moving average price is $25.57 and its 200 day moving average price is $19.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a $0.125 dividend. 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 2.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AEO shares. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $20.00 in a research report on Wednesday, December 3rd. TD Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Barclays boosted 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. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Morgan Stanley set a $23.00 price target on 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 assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.45.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,896 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 243,047 shares of the 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 completion of the sale, the insider directly owned 191,751 shares in the company, valued at $4,659,549.30. This represents a 55.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 246,839 shares of company stock worth $6,004,388. 8.70% of the stock is currently owned by company insiders.

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.