State of New Jersey Common Pension Fund D Makes New Investment in American Eagle Outfitters, Inc. $AEO

State of New Jersey Common Pension Fund D acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 123,249 shares of the apparel retailer's stock, valued at approximately $3,250,000. State of New Jersey Common Pension Fund D owned approximately 0.07% of American Eagle Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of AEO. Strategic Investment Solutions Inc. IL raised its position in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of American Eagle Outfitters during the second quarter worth $35,000. Strs Ohio bought a new stake in shares of American Eagle Outfitters during the third quarter worth $36,000. Federated Hermes Inc. raised its position in shares of American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock worth $37,000 after acquiring an additional 2,315 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of American Eagle Outfitters during the third quarter worth $39,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,887 shares of the company's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Joseph Spiegel sold 2,887 shares of the company's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The SEC filing for this sale provides additional information. Corporate insiders own 8.70% of the company's stock.

Analyst Ratings Changes

AEO has been the subject of a number of recent research reports. Needham & Company LLC initiated coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They set a "hold" rating for the company. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $28.00 to $25.00 and set a "market perform" rating for the company in a research report on Thursday, March 5th. Wall Street Zen upgraded American Eagle Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 25th. UBS Group boosted their target price on American Eagle Outfitters from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, January 8th. Finally, TD Cowen dropped their target price on American Eagle Outfitters from $27.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of "Reduce" and a consensus target price of $21.75.

American Eagle Outfitters Trading Up 1.6%

NYSE AEO opened at $16.66 on Wednesday. The stock has a 50-day simple moving average of $18.66 and a 200 day simple moving average of $21.13. The company has a market capitalization of $2.78 billion, a PE ratio of 14.88, a P/E/G ratio of 1.17 and a beta of 1.38. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The firm's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, April 10th. American Eagle Outfitters's dividend payout ratio is currently 44.64%.

About American Eagle Outfitters

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.

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