Public Sector Pension Investment Board Acquires 26,271 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Public Sector Pension Investment Board boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 406,875 shares of the apparel retailer’s stock after purchasing an additional 26,271 shares during the period. Public Sector Pension Investment Board owned about 0.21% of American Eagle Outfitters worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEO. Nomura Asset Management Co. Ltd. grew its holdings in shares of American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 600 shares in the last quarter. Parallel Advisors LLC boosted its position in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares during the last quarter. Arizona State Retirement System boosted its position in American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in American Eagle Outfitters by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Finally, CWM LLC increased its position in shares of American Eagle Outfitters by 72.3% during the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Up 1.1 %

Shares of NYSE:AEO opened at $20.49 on Wednesday. American Eagle Outfitters, Inc. has a 12-month low of $14.75 and a 12-month high of $26.44. The business has a 50 day moving average of $20.66 and a 200-day moving average of $21.98. The stock has a market cap of $4.02 billion, a PE ratio of 18.46, a P/E/G ratio of 0.95 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

AEO has been the subject of several recent analyst reports. TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. UBS Group decreased 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 report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 29th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Barclays lowered 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.00.

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.