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

ABLE Financial Group LLC lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,634 shares of the apparel retailer’s stock after buying an additional 3,515 shares during the period. ABLE Financial Group LLC’s holdings in American Eagle Outfitters were worth $507,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Verity Asset Management Inc. acquired a new stake in American Eagle Outfitters in the third quarter worth $470,000. Stoneridge Investment Partners LLC grew its stake in shares of American Eagle Outfitters by 41.9% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 22,495 shares of the apparel retailer’s stock valued at $504,000 after buying an additional 6,646 shares during the period. Congress Asset Management Co. bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $119,691,000. Measured Wealth Private Client Group LLC acquired a new position in American Eagle Outfitters during the 3rd quarter worth approximately $243,000. Finally, Smith Group Asset Management LLC boosted its holdings in American Eagle Outfitters by 24.5% in the third quarter. Smith Group Asset Management LLC now owns 20,765 shares of the apparel retailer’s stock worth $465,000 after acquiring an additional 4,082 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE:AEO traded down $0.54 on Friday, hitting $18.55. The stock had a trading volume of 637,636 shares, compared to its average volume of 4,491,784. American Eagle Outfitters, Inc. has a 1 year low of $15.92 and a 1 year high of $26.44. The firm’s fifty day simple moving average is $20.27 and its two-hundred day simple moving average is $21.25. The stock has a market cap of $3.56 billion, a P/E 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 results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. TD Cowen lowered their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, UBS Group cut their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.75.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s 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 transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated 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. Over the last 90 days, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is owned by company insiders.

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.