The 1,800 Shares of American Eagle Outfitters Inc. (AEO) are sold by Louisiana State Employees Retirement System

The 1,800 Shares of American Eagle Outfitters Inc. (AEO) are sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its position in shares of American Eagle Outfitters Inc. (NYSE:AEO) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,300 shares of the apparel retailer’s stock after selling 1,800 shares during the period. Louisiana State Employees Retirement System’s holdings in American Eagle Outfitters were worth $706,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Invictus RG purchased a new stake in shares of American Eagle Outfitters during the first quarter worth about $105,000. Canada Pension Plan Investment Board boosted its stake in shares of American Eagle Outfitters by 27.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the apparel retailer’s stock worth $148,000 after buying an additional 1,900 shares during the period. LS Investment Advisors LLC boosted its stake in shares of American Eagle Outfitters by 66.7% in the second quarter. LS Investment Advisors LLC now owns 10,155 shares of the apparel retailer’s stock worth $162,000 after buying an additional 4,063 shares during the period. Round Table Services LLC boosted its stake in shares of American Eagle Outfitters by 8.8% in the second quarter. Round Table Services LLC now owns 11,260 shares of the apparel retailer’s stock worth $179,000 after buying an additional 915 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of American Eagle Outfitters by 53.1% in the first quarter. Loomis Sayles & Co. L P now owns 11,823 shares of the apparel retailer’s stock worth $197,000 after buying an additional 4,101 shares during the period. 95.05% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Inc. (NYSE:AEO) traded up 0.39% on Wednesday, reaching $17.83. The company’s stock had a trading volume of 2,980,307 shares. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 14.18 and a beta of 0.89. American Eagle Outfitters Inc. has a 1-year low of $12.78 and a 1-year high of $19.55. The stock has a 50 day moving average price of $18.18 and a 200-day moving average price of $16.64.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The company had revenue of $823 million for the quarter, compared to the consensus estimate of $818.10 million. During the same period in the previous year, the business earned $0.17 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Equities analysts predict that American Eagle Outfitters Inc. will post $1.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, October 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $22.00 target price on shares of American Eagle Outfitters in a research report on Thursday, August 18th. Jefferies Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Sunday, September 4th. Mizuho increased their price objective on American Eagle Outfitters from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Citigroup Inc. increased their price objective on American Eagle Outfitters from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Finally, Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.45.

In other news, COO Michael R. Rempell sold 50,826 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $18.84, for a total value of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares of the company’s stock, valued at $1,998,490.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael R. Rempell sold 83,141 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the completion of the transaction, the chief operating officer now directly owns 196,868 shares in the company, valued at $3,677,494.24. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

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