Hantz Financial Services Inc. Purchases Shares of 70,413 American Eagle Outfitters, Inc. (NYSE:AEO)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. acquired a new position in shares of American Eagle Outfitters in the third quarter valued at about $119,691,000. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 684,420 shares during the period. Victory Capital Management Inc. grew its position 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 purchasing an additional 1,262,693 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after purchasing an additional 865,355 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of 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 buying an additional 1,726,982 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 3.6 %

AEO opened at $19.24 on Monday. The company has a market cap of $3.70 billion, a P/E ratio of 15.39, a PEG ratio of 0.96 and a beta of 1.52. The company’s 50 day moving average is $19.79 and its 200-day moving average is $20.57. American Eagle Outfitters, Inc. has a 1-year low of $16.88 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

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

Insider Buying and Selling

In other American Eagle Outfitters 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 transaction of $49,061.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 in the last 90 days. Insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. TD Cowen decreased their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Barclays cut 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 report on Friday, August 30th. Jefferies Financial Group decreased their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, UBS Group dropped their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target 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.