American Eagle Outfitters, Inc. (NYSE:AEO) Position Trimmed by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 379,275 shares of the apparel retailer’s stock after selling 27,600 shares during the period. Public Sector Pension Investment Board owned about 0.20% of American Eagle Outfitters worth $8,492,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AEO. Investors Research Corp raised its holdings in shares of American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after purchasing an additional 650 shares in the last quarter. Arizona State Retirement System increased its position in American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after buying an additional 963 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in American Eagle Outfitters by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after buying an additional 1,000 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of American Eagle Outfitters by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 1,033 shares during the last quarter. Finally, Alhambra Investment Management LLC boosted its stake in shares of American Eagle Outfitters by 7.8% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock worth $305,000 after acquiring an additional 1,111 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $19.25 on Friday. The firm’s 50-day moving average is $19.81 and its 200-day moving average is $20.64. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.93 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52-week low of $16.88 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Buying and Selling

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock valued at $21,148,718 over the last ninety days. 7.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday. UBS Group reduced their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Jefferies Financial Group decreased their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Barclays cut their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

About American Eagle Outfitters

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.