Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 896 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,312 shares of the apparel retailer’s stock after selling 896 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Eagle Outfitters were worth $622,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP raised its stake in American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after purchasing an additional 268,326 shares during the period. Principal Financial Group Inc. grew its holdings in American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after buying an additional 226,821 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Eagle Outfitters by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock valued at $47,976,000 after buying an additional 381,047 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of American Eagle Outfitters by 8.8% in the third quarter. Systematic Financial Management LP now owns 1,394,167 shares of the apparel retailer’s stock worth $31,215,000 after buying an additional 112,367 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of American Eagle Outfitters by 2.2% during the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer’s stock worth $14,266,000 after acquiring an additional 15,038 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Down 2.1 %

NYSE AEO opened at $11.99 on Thursday. American Eagle Outfitters, Inc. has a 52 week low of $10.74 and a 52 week high of $26.25. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.82 and a beta of 1.57. The company has a fifty day moving average of $14.09 and a two-hundred day moving average of $17.16.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Analyst Ratings Changes

A number of brokerages have issued reports on AEO. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. 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. JPMorgan Chase & Co. cut their price target on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Morgan Stanley decreased their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Raymond James assumed coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

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.