Wealth Enhancement Advisory Services LLC Makes New Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

Wealth Enhancement Advisory Services LLC acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,426 shares of the apparel retailer’s stock, valued at approximately $233,000.

A number of other hedge funds also recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $32,000. Innealta Capital LLC purchased a new position in American Eagle Outfitters in the 2nd quarter worth approximately $78,000. nVerses Capital LLC bought a new position in American Eagle Outfitters in the second quarter valued at about $108,000. Picton Mahoney Asset Management bought a new stake in American Eagle Outfitters during the second quarter valued at approximately $140,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in American Eagle Outfitters during the third quarter valued at about $199,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 2.8 %

AEO stock opened at $18.21 on Tuesday. The firm has a market cap of $3.50 billion, a P/E ratio of 14.57, a PEG ratio of 0.93 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52-week low of $15.92 and a 52-week high of $26.44. The company’s 50-day simple moving average is $20.19 and its 200-day simple moving average is $21.16.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

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

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 dated Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s 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 directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction that occurred on 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. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 over the last quarter. 7.30% of the stock is owned by company insiders.

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.