Prospera Financial Services Inc Sells 739 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Prospera Financial Services Inc lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,613 shares of the apparel retailer’s stock after selling 739 shares during the period. Prospera Financial Services Inc’s holdings in American Eagle Outfitters were worth $327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. bought a new stake in American Eagle Outfitters during the third quarter worth about $119,691,000. American Century Companies Inc. raised its position in shares of American Eagle Outfitters by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after buying an additional 684,420 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after acquiring an additional 1,262,693 shares during the period. Jupiter Asset Management Ltd. increased its stake in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after acquiring an additional 1,726,982 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $20,039,979.96. Following the completion of 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. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Trading Up 2.3 %

Shares of AEO opened at $17.61 on Monday. The stock has a 50 day moving average of $19.91 and a 200 day moving average of $20.75. American Eagle Outfitters, Inc. has a 12 month low of $16.34 and a 12 month high of $26.44. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.86 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AEO. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Barclays lowered their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Jefferies Financial Group reduced their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. UBS Group lowered their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.00.

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.