Illinois Municipal Retirement Fund Has $1.81 Million Position in American Eagle Outfitters, Inc. $AEO

Illinois Municipal Retirement Fund boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 47.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,649 shares of the apparel retailer’s stock after purchasing an additional 35,002 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of American Eagle Outfitters worth $1,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings in shares of American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after buying an additional 4,959,039 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of American Eagle Outfitters in the fourth quarter valued at about $40,954,000. Arrowstreet Capital Limited Partnership increased its position in American Eagle Outfitters by 153.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock worth $63,556,000 after acquiring an additional 1,457,785 shares during the period. M&T Bank Corp bought a new position in American Eagle Outfitters during the fourth quarter worth about $21,413,000. Finally, Goldman Sachs Group Inc. raised its stake in American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after purchasing an additional 680,332 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The SEC filing for this sale provides additional information. 8.95% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Trading Up 3.1%

AEO opened at $17.56 on Tuesday. The company’s 50 day moving average is $16.91 and its 200-day moving average is $19.71. American Eagle Outfitters, Inc. has a 1-year low of $9.86 and a 1-year high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.94 billion, a P/E ratio of 10.84, a PEG ratio of 3.72 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.29) EPS. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Analysts Set New Price Targets

A number of research firms have issued reports on AEO. Wall Street Zen downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. TD Cowen lowered their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Barclays dropped their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Finally, Needham & Company LLC started coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.91.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.