New York State Teachers Retirement System Sells 4,651 Shares of American Eagle Outfitters, Inc. $AEO

New York State Teachers Retirement System reduced its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,090 shares of the apparel retailer’s stock after selling 4,651 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of American Eagle Outfitters worth $1,906,000 at the end of the most recent quarter.

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

Insider Activity

In other news, insider Jennifer M. Foyle sold 54,950 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the sale, the insider directly owned 221,107 shares in the company, valued at approximately $4,010,880.98. The trade was a 19.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Janice E. Page sold 26,869 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.04, for a total transaction of $484,716.76. Following the transaction, the director directly owned 90,383 shares in the company, valued at approximately $1,630,509.32. This represents a 22.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,766 shares of company stock valued at $2,515,354. Insiders own 8.70% of the company’s stock.

American Eagle Outfitters Stock Up 1.4%

Shares of NYSE:AEO opened at $15.70 on Wednesday. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $20.55. The firm has a fifty day moving average of $15.87 and a 200 day moving average of $12.54. The firm has a market capitalization of $2.66 billion, a PE ratio of 15.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62.

American Eagle Outfitters (NYSE:AEO) last released its quarterly 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. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 48.08%.

Wall Street Analyst Weigh In

AEO has been the subject of a number of recent analyst reports. Zacks Research raised American Eagle Outfitters to a “hold” rating in a report on Monday, August 11th. UBS Group increased their price target on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, September 4th. Barclays boosted their price objective on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, September 4th. Jefferies Financial Group upped their target price on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, September 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a report on Wednesday, October 8th. 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. Based on data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Reduce” and an average target price of $14.72.

American Eagle Outfitters 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.