Teacher Retirement System of Texas Sells 81,302 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Teacher Retirement System of Texas lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 63.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,915 shares of the apparel retailer’s stock after selling 81,302 shares during the quarter. Teacher Retirement System of Texas’ holdings in American Eagle Outfitters were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 937 shares during the period. Principal Securities Inc. increased its position in American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the fourth quarter valued at $45,000. Smartleaf Asset Management LLC lifted its position in shares of American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 1,944 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of 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 worth $57,000 after acquiring an additional 1,608 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $11.42 on Monday. American Eagle Outfitters, Inc. has a 52-week low of $10.74 and a 52-week high of $26.25. The business’s fifty day moving average is $13.92 and its 200 day moving average is $17.04. The company has a market capitalization of $1.97 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America dropped their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, March 13th. Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Company 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.