Creative Planning Acquires 3,209 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Creative Planning lifted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors have also recently made changes to their positions in the business. Seven Eight Capital LP bought a new stake in American Eagle Outfitters in the first quarter worth about $1,445,000. Bayesian Capital Management LP bought a new stake in American Eagle Outfitters in the first quarter worth about $598,000. UniSuper Management Pty Ltd bought a new stake in American Eagle Outfitters in the first quarter worth about $941,000. SG Americas Securities LLC lifted its stake in American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after purchasing an additional 141,628 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of American Eagle Outfitters by 1.5% during the first quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after acquiring an additional 310,808 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction 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 of the company’s stock, valued at $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Down 0.3 %

Shares of AEO stock opened at $19.09 on Wednesday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.97 and a beta of 1.52. The company’s 50 day moving average is $20.43 and its 200 day moving average is $21.30. American Eagle Outfitters, Inc. has a 52-week low of $15.92 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEO. UBS Group decreased their price target 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. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. TD Cowen decreased their price target 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. Barclays decreased their price target 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, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.75.

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.