Louisiana State Employees Retirement System Has $1.93 Million Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Louisiana State Employees Retirement System decreased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,400 shares of the apparel retailer’s stock after selling 6,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American Eagle Outfitters were worth $1,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters during the third quarter worth $32,000. Hexagon Capital Partners LLC raised its stake in shares of American Eagle Outfitters by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock valued at $66,000 after acquiring an additional 1,148 shares in the last quarter. Innealta Capital LLC acquired a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $78,000. nVerses Capital LLC bought a new stake in American Eagle Outfitters during the second quarter worth approximately $108,000. Finally, Picton Mahoney Asset Management acquired a new position in American Eagle Outfitters during the second quarter valued at approximately $140,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 1.4 %

Shares of AEO stock opened at $20.04 on Wednesday. The company has a market capitalization of $3.85 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.02 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12 month low of $15.92 and a 12 month high of $26.44. The stock has a 50 day moving average of $20.62 and a two-hundred day moving average of $21.38.

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

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AEO shares. UBS Group reduced their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. TD Cowen decreased their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Barclays dropped their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Insider Buying and Selling at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’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 sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s 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 sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the transaction, the insider now owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is currently owned by corporate insiders.

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.