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

Thrivent Financial for Lutherans lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,333 shares of the apparel retailer’s stock after selling 13,155 shares during the period. Thrivent Financial for Lutherans owned approximately 0.18% of American Eagle Outfitters worth $7,934,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Arizona State Retirement System boosted its holdings in American Eagle Outfitters by 1.9% in the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the period. Louisiana State Employees Retirement System raised its position in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Alhambra Investment Management LLC boosted its stake in shares of American Eagle Outfitters by 7.8% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock valued at $305,000 after buying an additional 1,111 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of American Eagle Outfitters during the third quarter worth about $32,000. Finally, Diversified Trust Co increased its stake in shares of American Eagle Outfitters by 4.3% during the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock worth $792,000 after buying an additional 1,443 shares during the period. 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 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the sale, the insider now owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This trade represents a 13.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 over the last quarter. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Up 2.3 %

NYSE:AEO opened at $17.61 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 14.09, a P/E/G ratio of 0.87 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52-week low of $16.34 and a 52-week high of $26.44. The stock’s 50 day moving average price is $19.91 and its 200 day moving average price is $20.80.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.25 EPS. As a group, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.84%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

AEO has been the subject of several analyst reports. UBS Group lowered 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 report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Jefferies Financial Group lowered their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Barclays cut their target price on 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 downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and a consensus target price of $25.00.

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.