Hantz Financial Services Inc. Invests $1.58 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Hantz Financial Services Inc. bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,413 shares of the apparel retailer’s stock, valued at approximately $1,577,000.

Several other hedge funds also recently modified their holdings of AEO. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters in the 3rd quarter worth about $32,000. Advisors Asset Management Inc. increased its position in shares of American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the last quarter. Innealta Capital LLC bought a new stake in American Eagle Outfitters during the second quarter worth $78,000. nVerses Capital LLC purchased a new position in American Eagle Outfitters in the second quarter worth $108,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of American Eagle Outfitters in the 2nd quarter worth about $140,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insiders Place Their Bets

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters 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 transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Up 3.6 %

NYSE AEO opened at $19.24 on Monday. The stock’s 50-day simple moving average is $19.79 and its two-hundred day simple moving average is $20.57. American Eagle Outfitters, Inc. has a twelve month low of $16.88 and a twelve month high of $26.44. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.96 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AEO shares. 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 report on Friday, August 30th. Barclays reduced their price objective on shares of 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. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, November 27th. UBS Group reduced their price target 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, Jefferies Financial Group lowered their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $25.00.

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.