Captrust Financial Advisors Decreases Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Captrust Financial Advisors lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEOFree Report) by 68.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,812 shares of the apparel retailer’s stock after selling 27,334 shares during the period. Captrust Financial Advisors’ holdings in American Eagle Outfitters were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AEO. Congress Asset Management Co. purchased a new position in American Eagle Outfitters during the 3rd quarter valued at $119,691,000. Victory Capital Management Inc. raised its stake in American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after buying an additional 1,936,938 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after buying an additional 1,726,982 shares during the period. Jupiter Asset Management Ltd. boosted its position in American Eagle Outfitters by 36.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $16,861,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 0.9 %

Shares of AEO stock opened at $17.20 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $16.88 and a 12 month high of $26.44. The stock has a market cap of $3.30 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.12 and a beta of 1.51. The company has a 50 day simple moving average of $19.17 and a two-hundred day simple moving average of $20.22.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. As a group, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.91%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the 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 completion of the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AEO. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Raymond James started coverage on American Eagle Outfitters in a research note on Friday. They set a “market perform” rating on the stock. BMO Capital Markets reduced their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. Telsey Advisory Group lowered their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. Finally, Barclays dropped their price target on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.40.

Read Our Latest Research Report on American Eagle Outfitters

American Eagle Outfitters Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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