Creative Planning Sells 31,186 Shares of American Eagle Outfitters, Inc. $AEO

Creative Planning lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 31.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,320 shares of the apparel retailer’s stock after selling 31,186 shares during the quarter. Creative Planning’s holdings in American Eagle Outfitters were worth $667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Eagle Outfitters by 8.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,086 shares of the apparel retailer’s stock valued at $663,000 after purchasing an additional 4,687 shares in the last quarter. Legacy Capital Group California Inc. purchased a new position in shares of American Eagle Outfitters during the 1st quarter valued at about $520,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in American Eagle Outfitters in the 1st quarter worth approximately $135,000. Entropy Technologies LP lifted its position in American Eagle Outfitters by 158.4% in the 1st quarter. Entropy Technologies LP now owns 58,610 shares of the apparel retailer’s stock worth $681,000 after buying an additional 35,925 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in American Eagle Outfitters in the first quarter worth approximately $266,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AEO. Jefferies Financial Group lifted their price target on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a report on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday. Barclays upped their price target on shares of American Eagle Outfitters from $14.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $14.00 to $20.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.10.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.12, for a total transaction of $724,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 54,950 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the transaction, the insider directly owned 221,107 shares of the company’s stock, valued at $4,010,880.98. This represents a 19.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 138,766 shares of company stock valued at $2,515,354 over the last three months. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Up 15.1%

NYSE AEO opened at $23.97 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $24.41. The stock has a market cap of $4.06 billion, a P/E ratio of 23.05 and a beta of 1.44. The stock has a 50 day simple moving average of $17.27 and a two-hundred day simple moving average of $14.07.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 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 analyst estimates of $1.32 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. American Eagle Outfitters’s payout ratio is presently 43.10%.

American Eagle Outfitters Profile

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.