Public Employees Retirement System of Ohio cut its holdings in American Eagle Outfitters (NYSE:AEO) by 76.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,582 shares of the apparel retailer’s stock after selling 121,891 shares during the period. Public Employees Retirement System of Ohio’s holdings in American Eagle Outfitters were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AEO. Mckinley Capital Management LLC Delaware acquired a new stake in American Eagle Outfitters in the fourth quarter valued at $35,000. Oregon Public Employees Retirement Fund raised its stake in American Eagle Outfitters by 1,864.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,299,537 shares of the apparel retailer’s stock valued at $67,000 after buying an additional 1,233,392 shares in the last quarter. Acadian Asset Management LLC raised its stake in American Eagle Outfitters by 131.5% in the fourth quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 2,079 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in American Eagle Outfitters in the fourth quarter valued at $104,000. Finally, First Mercantile Trust Co. acquired a new stake in American Eagle Outfitters in the fourth quarter valued at $112,000. Institutional investors own 92.50% of the company’s stock.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 15,196 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $315,317.00. Following the sale, the executive vice president now owns 30,180 shares of the company’s stock, valued at approximately $626,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is currently owned by insiders.

AEO has been the topic of several research reports. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, February 12th. Jefferies Financial Group set a $28.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, ValuEngine lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of “Buy” and a consensus target price of $24.62.

Shares of AEO opened at $21.26 on Monday. American Eagle Outfitters has a twelve month low of $17.00 and a twelve month high of $29.88. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.89 and a beta of 0.79.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 37.16%.

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American Eagle Outfitters Company Profile

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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