Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in American Eagle Outfitters, Inc. $AEO

Key Points

• Wealth Enhancement Advisory Services LLC reduced its holdings in American Eagle Outfitters, Inc. by 73.1% in Q2, now owning 11,978 shares valued at $123,000 after selling 32,592 shares.
• Insider trading activity included Director Janice E. Page selling 26,869 shares and cutting her position by 22.92%, while other directors also sold shares.
• The company announced a quarterly dividend of $0.125 per share, resulting in an annual yield of 3.5%, payable on October 29th.

Wealth Enhancement Advisory Services LLC lowered its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 73.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,978 shares of the apparel retailer's stock after selling 32,592 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in American Eagle Outfitters were worth $123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEO. Junto Capital Management LP acquired a new position in American Eagle Outfitters in the first quarter valued at $38,588,000. Cooke & Bieler LP lifted its stake in shares of American Eagle Outfitters by 29.9% during the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after purchasing an additional 1,794,203 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of American Eagle Outfitters during the first quarter worth about $18,927,000. Nuveen LLC acquired a new position in shares of American Eagle Outfitters during the first quarter worth about $18,140,000. Finally, Victory Capital Management Inc. lifted its stake in shares of American Eagle Outfitters by 22.2% during the first quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer's stock worth $61,654,000 after purchasing an additional 962,730 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Insider Transactions at American Eagle Outfitters

In other news, Director Janice E. Page sold 26,869 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the sale, the director owned 90,383 shares in the company, valued at approximately $1,630,509.32. This represents a 22.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Sable sold 5,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the sale, the director owned 48,640 shares of the company's stock, valued at $934,860.80. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,766 shares of company stock valued at $2,515,354 over the last three months. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Eagle Outfitters in a research report on Wednesday. Barclays lifted their target price on American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a research report on Thursday, September 4th. Zacks Research raised American Eagle Outfitters to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $9.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 28th. Finally, Wall Street Zen raised American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of "Reduce" and an average target price of $14.72.

American Eagle Outfitters Stock Performance

AEO opened at $14.33 on Friday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 13.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $21.74. The business has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $12.35.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. Research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, October 10th. American Eagle Outfitters's dividend payout ratio is 48.08%.

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.

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