VIRGINIA RETIREMENT SYSTEMS ET Al Buys 103,500 Shares of American Eagle Outfitters, Inc. $AEO

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 588.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,100 shares of the apparel retailer’s stock after purchasing an additional 103,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.07% of American Eagle Outfitters worth $2,153,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in American Eagle Outfitters during the second quarter valued at $458,632,000. Arrowstreet Capital Limited Partnership raised its stake in shares of American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after buying an additional 3,926,230 shares during the period. Nykredit A S bought a new stake in shares of American Eagle Outfitters in the second quarter valued at $46,023,000. Bank of New York Mellon Corp purchased a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $27,637,000. Finally, Freestone Grove Partners LP purchased a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $23,698,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $19.50 on Wednesday. American Eagle Outfitters, Inc. has a one year low of $14.10 and a one year high of $28.46. The business has a fifty day moving average price of $17.28 and a 200-day moving average price of $18.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62. The firm has a market capitalization of $3.27 billion, a P/E ratio of 9.95, a PEG ratio of 4.51 and a beta of 1.34.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that American Eagle Outfitters, Inc. will post 2.24 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th were paid a $0.1250 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.50 annualized dividend and a yield of 2.6%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 25.51%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, September 10th. BMO Capital Markets increased their target price on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 29th. Finally, Bank of America initiated coverage on shares of American Eagle Outfitters in a research note on Friday, August 14th. They issued an “underperform” rating and a $16.00 target price for the company. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.55.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Spiegel sold 3,617 shares of American Eagle Outfitters stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 3,617 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is owned by insiders.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.