American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 6.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 102,056 shares of the apparel retailer’s stock after selling 6,579 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Eagle Outfitters were worth $2,285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after acquiring an additional 963 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares during the period. Alhambra Investment Management LLC boosted its position in American Eagle Outfitters by 7.8% during the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock worth $305,000 after purchasing an additional 1,111 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in American Eagle Outfitters in the third quarter valued at approximately $32,000. Finally, Diversified Trust Co increased its position in shares of American Eagle Outfitters by 4.3% in the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock valued at $792,000 after buying an additional 1,443 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s 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 owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last ninety days. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Barclays lowered their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. TD Cowen reduced their target price 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, UBS Group lowered their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $25.75.

American Eagle Outfitters Stock Down 0.7 %

AEO stock opened at $19.46 on Friday. The business has a 50 day moving average price of $20.50 and a 200 day moving average price of $21.34. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.99 and a beta of 1.51. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

American Eagle Outfitters 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.