American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Creative Planning

Creative Planning grew its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 15.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,222 shares of the apparel retailer’s stock after acquiring an additional 3,209 shares during the period. Creative Planning’s holdings in American Eagle Outfitters were worth $542,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Arizona State Retirement System increased its stake in shares of American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after purchasing an additional 963 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of American Eagle Outfitters by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Alhambra Investment Management LLC increased its stake in shares of American Eagle Outfitters by 7.8% during the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock worth $305,000 after purchasing an additional 1,111 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters during the third quarter worth about $32,000. Finally, Diversified Trust Co increased its stake in shares of American Eagle Outfitters by 4.3% during the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock worth $792,000 after purchasing an additional 1,443 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AEO shares. UBS Group cut their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Barclays dropped their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, TD Cowen dropped their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.75.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the sale, the director now directly owns 39,356 shares in the company, valued at $867,406.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $19.09 on Wednesday. The firm has a 50 day simple moving average of $20.43 and a 200-day simple moving average of $21.30. American Eagle Outfitters, Inc. has a 1-year low of $15.92 and a 1-year high of $26.44. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts expect that American Eagle Outfitters, Inc. will post 1.78 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 Wednesday, October 30th. Stockholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.62%. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.