Measured Wealth Private Client Group LLC Invests $243,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Measured Wealth Private Client Group LLC bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,852 shares of the apparel retailer’s stock, valued at approximately $243,000.

Several other hedge funds have also modified their holdings of the stock. Arizona State Retirement System lifted its holdings in shares of American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of American Eagle Outfitters by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after purchasing an additional 1,000 shares during the last quarter. Alhambra Investment Management LLC lifted its holdings in shares of American Eagle Outfitters by 7.8% during the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock valued at $305,000 after purchasing an additional 1,111 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters during the third quarter valued at $32,000. Finally, Diversified Trust Co lifted its holdings in shares of American Eagle Outfitters by 4.3% during the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock valued at $792,000 after purchasing an additional 1,443 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’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 sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The stock was 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. In the last quarter, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. Insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AEO shares. Barclays reduced their target price 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 reissued a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. TD Cowen reduced their price objective on 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. UBS Group reduced their price objective on 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. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.75.

American Eagle Outfitters Price Performance

AEO opened at $19.89 on Thursday. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44. The business has a 50-day moving average of $20.59 and a 200-day moving average of $21.37. The company has a market capitalization of $3.82 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. On average, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is 40.00%.

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.