Louisiana State Employees Retirement System bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 69,900 shares of the apparel retailer’s stock, valued at approximately $1,167,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new position in American Eagle Outfitters in the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of American Eagle Outfitters by 177.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 1,134 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after buying an additional 447 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.
American Eagle Outfitters Trading Up 0.2%
AEO stock opened at $16.49 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a twelve month low of $9.58 and a twelve month high of $28.46. The company has a market cap of $2.76 billion, a P/E ratio of 10.18, a PEG ratio of 3.58 and a beta of 1.31. The business has a fifty day moving average of $16.99 and a 200-day moving average of $20.55.
American Eagle Outfitters Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.
Analyst Upgrades and Downgrades
AEO has been the topic of several research reports. TD Cowen reduced their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Weiss Ratings cut shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Citigroup dropped their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Bank of America reduced their target price on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a research report on Friday, May 29th. Finally, Needham & Company LLC began coverage on shares of American Eagle Outfitters in a research note on Thursday, March 26th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $20.36.
Insider Activity
In related news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. 8.95% 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.
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