Texas Permanent School Fund Sells 5,703 Shares of American Eagle Outfitters (NYSE:AEO)

Texas Permanent School Fund decreased its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,102 shares of the apparel retailer’s stock after selling 5,703 shares during the quarter. Texas Permanent School Fund owned about 0.06% of American Eagle Outfitters worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of AEO. NEXT Financial Group Inc increased its holdings in shares of American Eagle Outfitters by 40.6% in the second quarter. NEXT Financial Group Inc now owns 2,426 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 700 shares during the period. Gryphon Financial Partners LLC increased its holdings in shares of American Eagle Outfitters by 5.7% in the second quarter. Gryphon Financial Partners LLC now owns 13,825 shares of the apparel retailer’s stock worth $234,000 after purchasing an additional 742 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of American Eagle Outfitters by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 68,187 shares of the apparel retailer’s stock worth $1,152,000 after purchasing an additional 958 shares during the period. United Capital Financial Advisers LLC increased its holdings in shares of American Eagle Outfitters by 5.9% in the second quarter. United Capital Financial Advisers LLC now owns 40,337 shares of the apparel retailer’s stock worth $682,000 after purchasing an additional 2,231 shares during the period. Finally, Private Ocean LLC bought a new position in shares of American Eagle Outfitters in the third quarter worth $38,000. 93.02% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on AEO. Loop Capital decreased their price target on shares of American Eagle Outfitters to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. set a $16.00 price target on shares of American Eagle Outfitters and gave the stock a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank set a $23.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Friday, August 16th. Morgan Stanley decreased their price target on shares of American Eagle Outfitters from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, September 5th. Finally, DA Davidson initiated coverage on shares of American Eagle Outfitters in a report on Tuesday, September 17th. They issued a “buy” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.27.

AEO traded down $0.15 during trading on Monday, reaching $16.14. The stock had a trading volume of 1,823,140 shares, compared to its average volume of 4,281,947. The stock has a market cap of $2.79 billion, a PE ratio of 10.91, a PEG ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.64 and a current ratio of 1.34. American Eagle Outfitters has a one year low of $13.66 and a one year high of $24.30. The business has a 50-day moving average of $15.71 and a 200-day moving average of $17.50.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, September 4th. The apparel retailer reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. American Eagle Outfitters had a return on equity of 21.47% and a net margin of 6.40%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Equities research analysts forecast that American Eagle Outfitters will post 1.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.1375 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.55 dividend on an annualized basis and a yield of 3.41%. American Eagle Outfitters’s dividend payout ratio is presently 37.16%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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