Creative Planning Sells 2,126 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Creative Planning lessened its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,013 shares of the apparel retailer’s stock after selling 2,126 shares during the period. Creative Planning’s holdings in American Eagle Outfitters were worth $419,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System boosted its position in 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 valued at $1,049,000 after acquiring an additional 963 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after buying an additional 1,000 shares during the period. CWM LLC boosted its holdings in American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after acquiring an additional 1,020 shares in the last quarter. Alhambra Investment Management LLC increased its holdings 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 valued at $305,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in American Eagle Outfitters by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock valued at $66,000 after purchasing an additional 1,148 shares during the period. 97.33% of the stock is owned by institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In other news, 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 value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the sale, the insider now directly owns 200,427 shares in the company, valued at $4,367,304.33. 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 ninety days, insiders have sold 1,048,419 shares of company stock valued at $21,099,657. 7.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AEO has been the topic of several recent research reports. UBS Group dropped their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Barclays reduced 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 report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, TD Cowen dropped their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $25.75.

American Eagle Outfitters Trading Up 1.6 %

Shares of American Eagle Outfitters stock opened at $21.05 on Wednesday. The firm has a market capitalization of $4.13 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The business’s 50-day moving average price is $20.76 and its 200-day moving average price is $21.67. American Eagle Outfitters, Inc. has a 12 month low of $15.92 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, analysts predict that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.38%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

American Eagle Outfitters Company 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.