American Eagle Outfitters, Inc. $AEO Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,541 shares of the apparel retailer’s stock after acquiring an additional 90,987 shares during the period. Public Sector Pension Investment Board owned approximately 0.37% of American Eagle Outfitters worth $10,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AEO. Diamond Hill Capital Management Inc. increased its holdings in shares of American Eagle Outfitters by 10.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 159,336 shares of the apparel retailer’s stock valued at $2,726,000 after purchasing an additional 15,635 shares during the period. Envestnet Asset Management Inc. grew its position in American Eagle Outfitters by 28.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 106,033 shares of the apparel retailer’s stock valued at $1,814,000 after buying an additional 23,418 shares in the last quarter. Hantz Financial Services Inc. increased its stake in American Eagle Outfitters by 41.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock valued at $53,000 after buying an additional 906 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth about $407,000. Finally, Jones Financial Companies Lllp raised its position in shares of American Eagle Outfitters by 155.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,538 shares of the apparel retailer’s stock worth $117,000 after buying an additional 3,974 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the topic of a number of research analyst reports. TD Cowen reiterated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. UBS Group lifted their price target on American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Bank of America upped their price objective on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, December 3rd. Barclays lifted their target price on American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their price target for the company from $14.00 to $20.00 in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.45.

Insider Buying and Selling

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider owned 191,751 shares of the company’s stock, valued at $4,659,549.30. The trade was a 55.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 246,839 shares of company stock valued at $6,004,388. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $25.45 on Monday. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.46. The firm’s 50 day simple moving average is $25.48 and its 200-day simple moving average is $19.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. The company has a market cap of $4.31 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 6.67 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, January 9th. American Eagle Outfitters’s payout ratio is presently 43.10%.

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.