Public Sector Pension Investment Board Has $8.49 Million Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Public Sector Pension Investment Board reduced its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 6.8% during the 3rd quarter, Holdings Channel reports. The fund owned 379,275 shares of the apparel retailer’s stock after selling 27,600 shares during the quarter. Public Sector Pension Investment Board’s holdings in American Eagle Outfitters were worth $8,492,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Congress Asset Management Co. acquired a new position in American Eagle Outfitters in the third quarter worth $119,691,000. American Century Companies Inc. raised its holdings in shares of American Eagle Outfitters by 18.1% in the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after buying an additional 684,420 shares during the last quarter. Victory Capital Management Inc. lifted its position in American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after buying an additional 1,262,693 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in American Eagle Outfitters by 36.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after acquiring an additional 865,355 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in American Eagle Outfitters by 179.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after acquiring an additional 1,726,982 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction that occurred 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 owns 200,427 shares of the company’s stock, valued at $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 valued at $21,148,718 over the last three months. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Trading Up 3.6 %

NYSE:AEO opened at $19.25 on Friday. American Eagle Outfitters, Inc. has a 1-year low of $16.88 and a 1-year high of $26.44. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.93 and a beta of 1.52. The business’s 50-day moving average price is $19.81 and its two-hundred day moving average price is $20.64.

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

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.60%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

AEO has been the topic of a number of research reports. Barclays reduced their target price 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. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday. UBS Group lowered their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen decreased their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Jefferies Financial Group dropped their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

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.