New York State Teachers Retirement System Reduces Holdings in American Eagle Outfitters, Inc. $AEO

New York State Teachers Retirement System lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198,090 shares of the apparel retailer’s stock after selling 4,651 shares during the quarter. New York State Teachers Retirement System’s holdings in American Eagle Outfitters were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KLP Kapitalforvaltning AS grew its holdings in shares of American Eagle Outfitters by 30.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 50,300 shares of the apparel retailer’s stock worth $484,000 after acquiring an additional 11,800 shares during the period. Diligent Investors LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $97,000. Vaughan Nelson Investment Management L.P. grew its stake in American Eagle Outfitters by 41.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after purchasing an additional 678,536 shares during the period. Polaris Capital Management LLC raised its holdings in American Eagle Outfitters by 8.7% in the second quarter. Polaris Capital Management LLC now owns 89,600 shares of the apparel retailer’s stock worth $862,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in American Eagle Outfitters during the second quarter valued at $154,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,945 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $16.95, for a total transaction of $49,917.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 40,000 shares of American Eagle Outfitters stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.12, for a total value of $724,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,766 shares of company stock worth $2,515,354. 8.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AEO has been the subject of several research reports. Morgan Stanley increased their price target on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a report on Wednesday, October 8th. Zacks Research upgraded American Eagle Outfitters to a “hold” rating in a research note on Monday, August 11th. Finally, Citigroup increased their target price on American Eagle Outfitters from $11.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $14.72.

American Eagle Outfitters Stock Performance

AEO opened at $15.70 on Wednesday. The company has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $12.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. The firm has a market cap of $2.66 billion, a P/E ratio of 15.10 and a beta of 1.60. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $20.55.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. American Eagle Outfitters’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders 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 of this dividend is Friday, October 10th. American Eagle Outfitters’s payout ratio is 48.08%.

American Eagle Outfitters Company 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.