American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,434 shares of the apparel retailer’s stock after buying an additional 32,197 shares during the period. State of New Jersey Common Pension Fund D’s holdings in American Eagle Outfitters were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Investors Research Corp increased its holdings in shares of American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after acquiring an additional 650 shares in the last quarter. Blue Trust Inc. increased its stake 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 in the last quarter. Segall Bryant & Hamill LLC increased its stake in American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after purchasing an additional 1,033 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in American Eagle Outfitters by 7.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer’s stock valued at $467,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake 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 in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEO. Jefferies Financial Group cut their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. BMO Capital Markets cut their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their price objective 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. UBS Group cut their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Finally, Morgan Stanley downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $19.00 to $17.00 in a report on Wednesday, February 5th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $21.00.

Insider Activity

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

American Eagle Outfitters Stock Performance

AEO stock opened at $13.76 on Monday. The firm has a market cap of $2.64 billion, a PE ratio of 11.76, a P/E/G ratio of 0.85 and a beta of 1.53. The firm’s fifty day moving average is $16.07 and its 200 day moving average is $18.55. American Eagle Outfitters, Inc. has a one year low of $13.64 and a one year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating 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 company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $0.49 earnings per share. American Eagle Outfitters’s quarterly revenue was down .9% compared to the same quarter last year. 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. Stockholders of record on Friday, January 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.64%. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

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.