Thrivent Financial for Lutherans Reduces Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Thrivent Financial for Lutherans lowered its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 4.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 367,488 shares of the apparel retailer’s stock after selling 17,155 shares during the period. Thrivent Financial for Lutherans’ holdings in American Eagle Outfitters were worth $7,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in shares of American Eagle Outfitters in the first quarter worth about $3,457,000. Seven Eight Capital LP acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $1,445,000. Bayesian Capital Management LP purchased a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $598,000. Boulder Hill Capital Management LP acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $2,254,000. Finally, Capstone Investment Advisors LLC purchased a new position in American Eagle Outfitters during the fourth quarter worth approximately $830,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The disclosure for this sale can be found here. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Stock Up 1.9 %

Shares of NYSE AEO opened at $21.08 on Friday. The business’s 50 day moving average is $20.69 and its two-hundred day moving average is $21.97. American Eagle Outfitters, Inc. has a 52-week low of $15.25 and a 52-week high of $26.44. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.01 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 20.98% and a net margin of 4.58%. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Analysts Set New Price Targets

A number of analysts have issued reports on AEO shares. TD Cowen cut their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. UBS Group dropped 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 note on Friday, August 30th. Barclays reduced their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

American Eagle Outfitters Company Profile

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.