New York State Teachers Retirement System Has $3.74 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

New York State Teachers Retirement System lessened its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 224,623 shares of the apparel retailer’s stock after selling 9,906 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of American Eagle Outfitters worth $3,744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares during the period. Park Place Capital Corp acquired a new stake in American Eagle Outfitters during the 4th quarter valued at approximately $45,000. Advisors Asset Management Inc. increased its position in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the period. Meeder Asset Management Inc. acquired a new stake in American Eagle Outfitters during the 3rd quarter valued at approximately $141,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AEO. JPMorgan Chase & Co. cut their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Bank of America cut their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, UBS Group cut their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $14.41 on Friday. The business has a 50-day moving average of $16.14 and a 200 day moving average of $18.62. American Eagle Outfitters, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $26.44. The firm has a market cap of $2.77 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.125 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.47%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

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.