Institute for Wealth Management LLC. Lowers Holdings in American Eagle Outfitters (AEO)

Institute for Wealth Management LLC. cut its position in American Eagle Outfitters (NYSE:AEO) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,277 shares of the apparel retailer’s stock after selling 3,223 shares during the quarter. Institute for Wealth Management LLC.’s holdings in American Eagle Outfitters were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AEO. Wells Fargo & Company MN raised its stake in shares of American Eagle Outfitters by 72.1% during the 2nd quarter. Wells Fargo & Company MN now owns 944,039 shares of the apparel retailer’s stock valued at $21,948,000 after purchasing an additional 395,556 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of American Eagle Outfitters by 40.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 34,900 shares of the apparel retailer’s stock valued at $811,000 after purchasing an additional 10,000 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of American Eagle Outfitters by 81.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 138,027 shares of the apparel retailer’s stock valued at $3,210,000 after purchasing an additional 61,932 shares during the period. Bank of America Corp DE raised its stake in shares of American Eagle Outfitters by 28.8% during the 2nd quarter. Bank of America Corp DE now owns 1,050,886 shares of the apparel retailer’s stock valued at $24,433,000 after purchasing an additional 234,855 shares during the period. Finally, ClariVest Asset Management LLC raised its stake in shares of American Eagle Outfitters by 10.4% during the 2nd quarter. ClariVest Asset Management LLC now owns 370,180 shares of the apparel retailer’s stock valued at $8,608,000 after purchasing an additional 34,754 shares during the period. Hedge funds and other institutional investors own 86.66% of the company’s stock.

In other news, Director Cary D. Mcmillan sold 16,993 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $24.87, for a total value of $422,615.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles F. Kessler sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now owns 110,079 shares of the company’s stock, valued at $3,082,212. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.



American Eagle Outfitters stock opened at $23.26 on Tuesday. American Eagle Outfitters has a 52 week low of $12.51 and a 52 week high of $29.88. The stock has a market cap of $4.09 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The business had revenue of $964.85 million during the quarter, compared to analysts’ expectations of $937.98 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts predict that American Eagle Outfitters will post 1.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, October 11th. American Eagle Outfitters’s payout ratio is currently 47.41%.

Several research firms recently commented on AEO. Wedbush cut American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Monday, August 27th. They noted that the move was a valuation call. Zacks Investment Research cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group boosted their target price on American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Bank of America boosted their target price on American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, ValuEngine cut American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. American Eagle Outfitters has an average rating of “Buy” and a consensus target price of $25.40.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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