American Eagle Outfitters, Inc. $AEO Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 588.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,100 shares of the apparel retailer’s stock after buying an additional 103,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in American Eagle Outfitters were worth $2,153,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in American Eagle Outfitters during the second quarter worth about $458,632,000. Dimensional Fund Advisors LP increased its stake in American Eagle Outfitters by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock worth $154,663,000 after acquiring an additional 509,326 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the last quarter. Nykredit A S bought a new position in American Eagle Outfitters in the 2nd quarter worth about $46,023,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at about $27,637,000. Institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEO. Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Wolfe Research started coverage on shares of American Eagle Outfitters in a research report on Wednesday, October 21st. They issued a “peer perform” rating on the stock. UBS Group decreased their price objective on shares of American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of American Eagle Outfitters from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.55.

Insider Activity

In other news, Director Noel Spiegel sold 3,617 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 3,617 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Down 1.3%

Shares of NYSE:AEO opened at $19.50 on Wednesday. American Eagle Outfitters, Inc. has a 52-week low of $14.10 and a 52-week high of $28.46. The firm has a fifty day moving average of $17.28 and a 200 day moving average of $18.40. The firm has a market capitalization of $3.27 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 4.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 2.24 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th were issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, October 9th. American Eagle Outfitters’s dividend payout ratio is presently 25.51%.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.