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

Thrivent Financial for Lutherans reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,123 shares of the apparel retailer’s stock after selling 33,110 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of American Eagle Outfitters worth $2,620,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AEO. Raymond James Financial Inc. acquired a new stake in American Eagle Outfitters during the second quarter valued at approximately $35,000. Strs Ohio acquired a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at approximately $36,000. Federated Hermes Inc. boosted its holdings in American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter worth $39,000. Finally, Covestor Ltd raised its stake in American Eagle Outfitters by 228.8% during the third quarter. Covestor Ltd now owns 3,344 shares of the apparel retailer’s stock worth $57,000 after acquiring an additional 2,327 shares during the period. Institutional investors own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel Joseph Spiegel sold 1,896 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The SEC filing for this sale provides additional information. Insiders sold 246,839 shares of company stock worth $6,004,388 in the last quarter. 8.70% of the stock is owned by company insiders.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $23.57 on Tuesday. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.46. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $25.37 and a two-hundred day moving average of $19.25. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 6.22 and a beta of 1.42.

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

American Eagle Outfitters Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Tuesday, January 13th. Morgan Stanley set a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group assumed coverage on American Eagle Outfitters in a research note on Thursday, December 11th. They set a “neutral” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.45.

American Eagle Outfitters Company 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.