ABLE Financial Group LLC Has $507,000 Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

ABLE Financial Group LLC boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 18.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,634 shares of the apparel retailer’s stock after purchasing an additional 3,515 shares during the period. ABLE Financial Group LLC’s holdings in American Eagle Outfitters were worth $507,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEO. Seven Eight Capital LP acquired a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $1,445,000. Bayesian Capital Management LP acquired a new stake in American Eagle Outfitters during the 1st quarter valued at $598,000. UniSuper Management Pty Ltd bought a new position in American Eagle Outfitters during the first quarter worth $941,000. SG Americas Securities LLC increased its holdings in shares of 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 valued at $3,504,000 after purchasing an additional 141,628 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of American Eagle Outfitters by 1.5% in the first quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after purchasing an additional 310,808 shares during the period. Institutional investors own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, 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 transaction of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares in the company, valued at $4,367,304.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock worth $21,148,718 over the last three months. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Trading Down 2.8 %

AEO traded down $0.54 on Friday, reaching $18.55. The stock had a trading volume of 637,636 shares, compared to its average volume of 4,491,784. The firm has a 50-day moving average of $20.27 and a 200-day moving average of $21.25. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS 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 paid a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.70%. American Eagle Outfitters’s dividend payout ratio is 40.00%.

Wall Street Analyst Weigh In

AEO has been the subject of several research analyst reports. TD Cowen reduced their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. UBS Group decreased their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Barclays dropped their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given 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 $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.