Illinois Municipal Retirement Fund Has $1.81 Million Stock Position in American Eagle Outfitters, Inc. $AEO

Illinois Municipal Retirement Fund grew its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 47.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 108,649 shares of the apparel retailer’s stock after acquiring an additional 35,002 shares during the period. Illinois Municipal Retirement Fund’s holdings in American Eagle Outfitters were worth $1,814,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in American Eagle Outfitters in the first quarter valued at $5,490,000. Fifth Third Bancorp lifted its holdings in American Eagle Outfitters by 17,873.9% during the 1st quarter. Fifth Third Bancorp now owns 107,304 shares of the apparel retailer’s stock worth $1,792,000 after buying an additional 106,707 shares during the period. R Squared Ltd grew its position in shares of American Eagle Outfitters by 90.8% in the 1st quarter. R Squared Ltd now owns 18,308 shares of the apparel retailer’s stock valued at $306,000 after buying an additional 8,712 shares during the last quarter. World Investment Advisors bought a new stake in shares of American Eagle Outfitters in the 1st quarter valued at about $223,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of American Eagle Outfitters in the first quarter valued at about $7,303,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup lowered their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Wall Street Zen cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. UBS Group reissued a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. William Blair restated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, Needham & Company LLC assumed coverage on shares of American Eagle Outfitters in a research report on Thursday, March 26th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.91.

Insider Activity

In other news, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The SEC filing for this sale provides additional information. Insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO opened at $17.56 on Tuesday. 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 $9.86 and a twelve month high of $28.46. The stock’s 50 day moving average is $16.91 and its 200-day moving average is $19.71. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 3.72 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. American Eagle Outfitters’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.29) EPS. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 30.86%.

American Eagle Outfitters 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.