State of New Jersey Common Pension Fund D Buys 3,264 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

State of New Jersey Common Pension Fund D increased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 88,237 shares of the apparel retailer’s stock after buying an additional 3,264 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Eagle Outfitters were worth $1,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AEO. Congress Asset Management Co. bought a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $119,691,000. Victory Capital Management Inc. lifted its position in American Eagle Outfitters by 165.4% during the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares during the period. Principal Financial Group Inc. lifted its position in American Eagle Outfitters by 179.1% during the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after purchasing an additional 1,726,982 shares during the period. Jupiter Asset Management Ltd. grew its stake in American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after buying an additional 865,355 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in American Eagle Outfitters in the 2nd quarter valued at about $16,861,000. Institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Company insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AEO. Barclays cut their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group reduced their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. TD Cowen lowered their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Stock Up 1.3 %

NYSE AEO opened at $18.44 on Monday. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. American Eagle Outfitters, Inc. has a twelve month low of $15.92 and a twelve month high of $26.44. The business’s fifty day moving average is $20.09 and its 200 day moving average is $20.99.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 40.00%.

American Eagle Outfitters Company 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.