American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,876 shares of the apparel retailer’s stock after selling 868 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Eagle Outfitters were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in American Eagle Outfitters by 1,050.5% during the fourth quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock worth $56,740,000 after buying an additional 2,448,400 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in American Eagle Outfitters during the first quarter worth approximately $61,315,000. Norges Bank purchased a new stake in American Eagle Outfitters during the fourth quarter worth approximately $20,917,000. Goldman Sachs Group Inc. grew its stake in American Eagle Outfitters by 62.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,233,659 shares of the apparel retailer’s stock worth $47,264,000 after buying an additional 860,578 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in American Eagle Outfitters during the first quarter worth approximately $11,280,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AEO. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Tuesday, April 9th. Morgan Stanley decreased their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. Finally, Barclays upped their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.00.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Price Performance

AEO opened at $20.97 on Friday. The stock has a market capitalization of $4.12 billion, a PE ratio of 18.89, a P/E/G ratio of 1.08 and a beta of 1.51. The firm’s fifty day moving average price is $21.00 and its 200 day moving average price is $22.33. American Eagle Outfitters, Inc. has a 12-month low of $14.27 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were issued a $0.125 dividend. The ex-dividend date was Friday, July 12th. This represents a $0.50 annualized dividend and a yield of 2.38%. American Eagle Outfitters’s dividend payout ratio is presently 45.05%.

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.