Thrivent Financial for Lutherans decreased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,194 shares of the apparel retailer's stock after selling 113,139 shares during the quarter. Thrivent Financial for Lutherans owned about 0.13% of American Eagle Outfitters worth $4,020,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after purchasing an additional 937 shares during the period. Advisors Asset Management Inc. raised its stake in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after buying an additional 1,608 shares during the period. Candriam S.C.A. raised its stake in American Eagle Outfitters by 16.2% during the 4th quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer's stock worth $216,000 after buying an additional 1,800 shares during the period. Smartleaf Asset Management LLC lifted its holdings in American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 1,944 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in American Eagle Outfitters by 140.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock valued at $65,000 after acquiring an additional 2,297 shares during the period. Institutional investors own 97.33% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on AEO. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a "neutral" rating in a report on Tuesday, March 11th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a "market perform" rating on the stock. UBS Group lowered their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Barclays cut shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $17.00 to $10.00 in a research report on Tuesday, March 11th. Finally, StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $16.00.
Check Out Our Latest Stock Report on American Eagle Outfitters
Insider Activity at American Eagle Outfitters
In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is currently owned by company insiders.
American Eagle Outfitters Stock Performance
AEO traded down $0.50 during trading on Friday, reaching $11.42. 5,447,154 shares of the stock were exchanged, compared to its average volume of 4,864,572. The stock's 50 day moving average price is $13.92 and its two-hundred day moving average price is $17.07. American Eagle Outfitters, Inc. has a twelve month low of $10.74 and a twelve month high of $26.25. The stock has a market cap of $2.19 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.
American Eagle Outfitters Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. American Eagle Outfitters's payout ratio is 29.76%.
American Eagle Outfitters Profile
(
Free Report)
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.
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