State of New Jersey Common Pension Fund D Has $1.98 Million Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

State of New Jersey Common Pension Fund D lifted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,237 shares of the apparel retailer’s stock after purchasing an additional 3,264 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Eagle Outfitters were worth $1,976,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AEO. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters during the 3rd quarter worth approximately $32,000. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters during the second quarter worth $78,000. nVerses Capital LLC bought a new stake in American Eagle Outfitters in the 2nd quarter valued at $108,000. Picton Mahoney Asset Management acquired a new position in American Eagle Outfitters in the 2nd quarter worth $140,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in American Eagle Outfitters by 408.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer’s stock worth $183,000 after purchasing an additional 7,449 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction on 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 directly owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last ninety days. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $18.44 on Monday. American Eagle Outfitters, Inc. has a 52-week low of $15.92 and a 52-week high of $26.44. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.92 and a beta of 1.52. The firm’s 50-day moving average is $20.09 and its 200-day moving average is $20.99.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.71%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

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.