American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,910 shares of the apparel retailer’s stock after selling 558 shares during the quarter. Maryland State Retirement & Pension System’s holdings in American Eagle Outfitters were worth $1,726,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of American Eagle Outfitters during the 1st quarter worth approximately $3,457,000. Pacer Advisors Inc. lifted its stake in American Eagle Outfitters by 37.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock valued at $128,927,000 after buying an additional 1,663,569 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of American Eagle Outfitters during the fourth quarter valued at $2,254,000. Capstone Investment Advisors LLC bought a new position in shares of American Eagle Outfitters during the fourth quarter worth about $830,000. Finally, Wellington Management Group LLP increased its holdings in shares of American Eagle Outfitters by 84.0% in the 3rd quarter. Wellington Management Group LLP now owns 233,065 shares of the apparel retailer’s stock worth $3,871,000 after acquiring an additional 106,397 shares during the period. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AEO. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research report on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Tuesday, April 9th. Barclays raised their price objective on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Finally, Morgan Stanley cut their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Trading Down 0.3 %

NYSE AEO traded down $0.05 during trading on Friday, reaching $19.25. 434,952 shares of the company’s stock were exchanged, compared to its average volume of 4,653,567. The firm has a market capitalization of $3.78 billion, a PE ratio of 17.41, a P/E/G ratio of 0.93 and a beta of 1.51. American Eagle Outfitters, Inc. has a fifty-two week low of $11.69 and a fifty-two week high of $26.44. The company’s fifty day simple moving average is $22.27 and its 200-day simple moving average is $22.33.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.17 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.75 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

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.