Texas Permanent School Fund Corp Has $2.94 Million Position in American Eagle Outfitters, Inc. $AEO

Texas Permanent School Fund Corp trimmed its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 305,347 shares of the apparel retailer’s stock after selling 58,859 shares during the period. Texas Permanent School Fund Corp owned about 0.18% of American Eagle Outfitters worth $2,937,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Junto Capital Management LP bought a new stake in American Eagle Outfitters during the first quarter worth about $38,588,000. Millennium Management LLC raised its stake in shares of American Eagle Outfitters by 37.7% during the 1st quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer’s stock worth $40,158,000 after purchasing an additional 946,904 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $8,657,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of American Eagle Outfitters by 41.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock valued at $22,196,000 after buying an additional 678,536 shares in the last quarter. Finally, Jump Financial LLC grew its stake in shares of American Eagle Outfitters by 517.1% in the second quarter. Jump Financial LLC now owns 795,386 shares of the apparel retailer’s stock valued at $7,652,000 after buying an additional 666,492 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,945 shares of American Eagle Outfitters stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $16.95, for a total transaction of $49,917.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the completion of the sale, the insider directly owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their position. The SEC filing for this sale provides additional information. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America increased their price target on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and raised their target price for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Cowen reiterated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on American Eagle Outfitters in a research note on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $21.45.

American Eagle Outfitters Stock Up 1.1%

American Eagle Outfitters stock opened at $27.84 on Friday. The company’s 50-day moving average price is $19.43 and its two-hundred day moving average price is $15.25. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.72 billion, a P/E ratio of 24.00 and a beta of 1.44. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.15.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is currently 43.10%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.