California State Teachers Retirement System cut its stake in shares of American Eagle Outfitters (NYSE:AEO) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,437 shares of the apparel retailer’s stock after selling 15,117 shares during the quarter. California State Teachers Retirement System’s holdings in American Eagle Outfitters were worth $3,896,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of AEO. Dimensional Fund Advisors LP lifted its stake in shares of American Eagle Outfitters by 30.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock valued at $87,008,000 after buying an additional 1,687,520 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of American Eagle Outfitters by 205.6% in the third quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock valued at $32,611,000 after buying an additional 1,534,344 shares in the last quarter. Majedie Asset Management Ltd bought a new position in shares of American Eagle Outfitters in the third quarter valued at $18,202,000. Hamlin Capital Management LLC lifted its stake in shares of American Eagle Outfitters by 16.4% in the third quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock valued at $95,489,000 after buying an additional 940,045 shares in the last quarter. Finally, Contrarius Investment Management Ltd bought a new position in shares of American Eagle Outfitters in the third quarter valued at $12,597,000. 83.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of American Eagle Outfitters (NYSE AEO) opened at $18.06 on Friday. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.48. The stock has a market cap of $3,235.87, a PE ratio of 19.63, a P/E/G ratio of 2.10 and a beta of 1.18.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. During the same quarter last year, the business posted $0.41 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. analysts forecast that American Eagle Outfitters will post 1.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.77%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.35%.
A number of research analysts have weighed in on the stock. B. Riley raised their price objective on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a report on Thursday, December 7th. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Finally, BMO Capital Markets set a $21.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.48.
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American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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