EP Wealth Advisors LLC Makes New $390,000 Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

EP Wealth Advisors LLC purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 17,423 shares of the apparel retailer’s stock, valued at approximately $390,000.

Several other institutional investors also recently modified their holdings of AEO. Investors Research Corp boosted its holdings in shares of American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after acquiring an additional 650 shares during the last quarter. Arizona State Retirement System grew its position in American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after purchasing an additional 963 shares during the period. Louisiana State Employees Retirement System raised its stake in American Eagle Outfitters by 1.1% during 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 last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after buying an additional 1,033 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters in the 3rd quarter worth $32,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of the company’s 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 approximately $4,367,304.33. This represents a 13.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated 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 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 in the last 90 days. Insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

AEO has been the subject of several research reports. Barclays reduced their price target on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 price target (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. UBS Group reduced their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.40.

American Eagle Outfitters Stock Down 1.6 %

Shares of American Eagle Outfitters stock opened at $17.36 on Friday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.13 and a beta of 1.51. The stock’s 50-day simple moving average is $19.27 and its 200-day simple moving average is $20.28. American Eagle Outfitters, Inc. has a 52 week low of $16.88 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s payout ratio is currently 42.74%.

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.