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

Louisiana State Employees Retirement System decreased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 7.1% during the 3rd quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in shares of American Eagle Outfitters during the first quarter valued at $61,315,000. Victory Capital Management Inc. lifted its position in American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after purchasing an additional 1,936,938 shares during the period. Principal Financial Group Inc. boosted its stake in shares of American Eagle Outfitters by 179.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after purchasing an additional 1,726,982 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of American Eagle Outfitters during the 2nd quarter worth approximately $16,861,000. Finally, American Century Companies Inc. grew its position in shares of American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after buying an additional 684,420 shares during the period. 97.33% of the stock is currently owned by institutional investors.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters stock in a transaction that occurred 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 sale, the insider now owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 over the last three months. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $20.04 on Wednesday. The stock has a 50 day simple moving average of $20.62 and a 200 day simple moving average of $21.38. American Eagle Outfitters, Inc. has a 52-week low of $15.92 and a 52-week high of $26.44. The firm has a market capitalization of $3.85 billion, a PE ratio of 16.03, a P/E/G ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Barclays reduced their target price 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. Finally, UBS Group lowered their price target on 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. 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 company. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $25.75.

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.