California Public Employees Retirement System Sells 83,045 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

California Public Employees Retirement System reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,223 shares of the apparel retailer's stock after selling 83,045 shares during the period. California Public Employees Retirement System owned 0.15% of American Eagle Outfitters worth $4,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EP Wealth Advisors LLC acquired a new stake in shares of American Eagle Outfitters in the third quarter worth $390,000. Zacks Investment Management bought a new position in American Eagle Outfitters in the 3rd quarter worth $931,000. Barclays PLC lifted its position in American Eagle Outfitters by 51.8% during the 3rd quarter. Barclays PLC now owns 298,263 shares of the apparel retailer's stock worth $6,679,000 after acquiring an additional 101,795 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in American Eagle Outfitters during the third quarter valued at about $141,000. Finally, Franklin Resources Inc. grew its position in shares of American Eagle Outfitters by 2.2% in the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer's stock valued at $14,266,000 after purchasing an additional 15,038 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AEO. Morgan Stanley decreased their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Barclays lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, March 13th. Finally, UBS Group decreased their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $16.00.

Remove Ads

American Eagle Outfitters Stock Performance

NYSE AEO traded up $0.33 during trading on Monday, reaching $10.97. 315,852 shares of the company traded hands, compared to its average volume of 6,121,068. American Eagle Outfitters, Inc. has a 1-year low of $9.44 and a 1-year high of $25.15. The stock's 50 day moving average price is $12.57 and its two-hundred day moving average price is $16.30. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 0.82 and a beta of 1.40.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 29.76%.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.30% of the company's stock.

American Eagle Outfitters 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.