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

Creative Planning reduced its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 31.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AEO. SG Americas Securities LLC increased its position in shares of American Eagle Outfitters by 97.9% during the 2nd quarter. SG Americas Securities LLC now owns 76,763 shares of the apparel retailer’s stock valued at $738,000 after purchasing an additional 37,973 shares during the last quarter. Vise Technologies Inc. bought a new position in American Eagle Outfitters during the second quarter valued at about $237,000. Fox Run Management L.L.C. bought a new position in American Eagle Outfitters during the second quarter valued at about $696,000. Savant Capital LLC increased its holdings in American Eagle Outfitters by 170.8% during the second quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock worth $396,000 after buying an additional 25,962 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. increased its holdings in American Eagle Outfitters by 25.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the apparel retailer’s stock worth $1,010,000 after buying an additional 21,000 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 54,950 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.14, for a total value of $996,793.00. Following the transaction, the insider directly owned 221,107 shares in the company, valued at $4,010,880.98. This represents a 19.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David M. Sable sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the completion of the sale, the director directly owned 48,640 shares in the company, valued at approximately $934,860.80. The trade was a 9.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 138,766 shares of company stock valued at $2,515,354. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Up 15.1%

Shares of AEO opened at $23.97 on Thursday. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $24.41. The stock has a market cap of $4.06 billion, a PE ratio of 23.05 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $17.27 and its 200-day moving average price is $14.07.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. American Eagle Outfitters’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on AEO shares. Barclays boosted their target price on shares of American Eagle Outfitters from $14.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday. Wall Street Zen raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. Jefferies Financial Group upped their price target on American Eagle Outfitters from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Finally, BTIG Research initiated coverage on American Eagle Outfitters in a report on Thursday, September 18th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $21.10.

About American Eagle Outfitters

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.