American Eagle Outfitters, Inc. $AEO Stake Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 17.8% in the third quarter, HoldingsChannel reports. The fund owned 153,123 shares of the apparel retailer’s stock after selling 33,110 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Eagle Outfitters were worth $2,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AEO. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $35,000. Strs Ohio bought a new stake in American Eagle Outfitters in the third quarter worth $36,000. Federated Hermes Inc. increased its position in American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after buying an additional 2,315 shares during the last quarter. McIlrath & Eck LLC bought a new position in American Eagle Outfitters during the third quarter valued at about $39,000. Finally, Covestor Ltd lifted its position in shares of American Eagle Outfitters by 228.8% in the third quarter. Covestor Ltd now owns 3,344 shares of the apparel retailer’s stock worth $57,000 after buying an additional 2,327 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 0.8%

Shares of AEO opened at $23.57 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The company has a 50-day simple moving average of $25.37 and a 200-day simple moving average of $19.25. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46. The firm has a market capitalization of $4.00 billion, a P/E ratio of 20.32, a P/E/G ratio of 6.22 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is presently 43.10%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEO. Barclays upped their target price on American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 6th. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. UBS Group lifted their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. The Goldman Sachs Group started coverage on shares of American Eagle Outfitters in a research report on Thursday, December 11th. They set a “neutral” rating and a $25.00 target price for the company. Finally, Citigroup boosted their price objective on American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $22.45.

Insider Buying and Selling

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the sale, the insider owned 191,751 shares in the company, valued at $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. The SEC filing for this sale provides additional information. Insiders sold a total of 246,839 shares of company stock valued at $6,004,388 over the last ninety days. 8.70% of the stock is owned by company insiders.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.