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

Teacher Retirement System of Texas reduced its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent 13F filing with the 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 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AEO. Trivest Advisors Ltd purchased a new position in American Eagle Outfitters during the fourth quarter valued at approximately $4,948,000. Xponance Inc. increased its stake in American Eagle Outfitters by 9.1% in the 4th quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer's stock worth $217,000 after buying an additional 1,082 shares in the last quarter. Intech Investment Management LLC raised its holdings in American Eagle Outfitters by 29.2% during the fourth quarter. Intech Investment Management LLC now owns 215,336 shares of the apparel retailer's stock valued at $3,590,000 after acquiring an additional 48,719 shares during the period. Cibc World Markets Corp purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at about $277,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of American Eagle Outfitters in the fourth quarter worth about $390,000. 97.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AEO has been the topic of a number of research analyst reports. StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. BMO Capital Markets reiterated a "market perform" rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating for the company. Morgan Stanley cut their target price on shares of 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. Finally, Telsey Advisory Group decreased their target price on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.00.

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Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.30% of the company's stock.

American Eagle Outfitters Trading Down 17.5 %

NYSE:AEO traded down $2.22 during midday trading on Thursday, hitting $10.44. 17,254,106 shares of the company traded hands, compared to its average volume of 4,952,433. The firm has a market capitalization of $1.80 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.82 and a beta of 1.57. The firm's fifty day moving average is $13.51 and its 200-day moving average is $16.86. American Eagle Outfitters, Inc. has a 12-month low of $10.19 and a 12-month high of $25.50.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 29.76%.

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.