New York State Teachers Retirement System lessened its stake in American Eagle Outfitters (NYSE:AEO) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 337,489 shares of the apparel retailer’s stock after selling 11,081 shares during the quarter. New York State Teachers Retirement System owned 0.20% of American Eagle Outfitters worth $5,704,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Private Ocean LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $27,000. Advisory Services Network LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $30,000. NEXT Financial Group Inc lifted its holdings in shares of American Eagle Outfitters by 40.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,426 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 700 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $66,000. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of American Eagle Outfitters by 693.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,680 shares of the apparel retailer’s stock valued at $62,000 after buying an additional 3,216 shares during the period. 90.62% of the stock is owned by institutional investors and hedge funds.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 117,051 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the completion of the sale, the insider now directly owns 144,228 shares in the company, valued at approximately $3,393,684.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.20% of the stock is currently owned by insiders.
NYSE AEO traded up $0.06 during trading hours on Friday, reaching $16.36. The company’s stock had a trading volume of 4,334,337 shares, compared to its average volume of 3,911,794. American Eagle Outfitters has a 1-year low of $16.00 and a 1-year high of $29.88. The firm has a 50-day moving average price of $17.41. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.46 and a quick ratio of 0.76. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 6.41%. The company had revenue of $886.29 million during the quarter, compared to analyst estimates of $855.55 million. During the same period in the previous year, the business earned $0.23 EPS. American Eagle Outfitters’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that American Eagle Outfitters will post 1.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.55 annualized dividend and a yield of 3.36%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 37.16%.
Several equities analysts have recently issued reports on the company. ValuEngine cut American Eagle Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. UBS Group set a $26.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Friday, June 21st. Royal Bank of Canada cut American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Wedbush reduced their price target on American Eagle Outfitters from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, June 6th. Finally, Zacks Investment Research raised American Eagle Outfitters from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a report on Monday, May 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.73.
About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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