ValuEngine upgraded shares of American Eagle Outfitters (NYSE:AEO) from a hold rating to a buy rating in a research note released on Monday, February 4th.
Several other analysts have also weighed in on the company. Loop Capital set a $27.00 target price on American Eagle Outfitters and gave the company a buy rating in a report on Tuesday, December 11th. Zacks Investment Research raised American Eagle Outfitters from a hold rating to a buy rating and set a $21.00 target price on the stock in a report on Thursday, December 13th. Royal Bank of Canada set a $24.00 target price on American Eagle Outfitters and gave the company a buy rating in a report on Wednesday, December 12th. Wedbush raised American Eagle Outfitters from a neutral rating to an outperform rating and set a $29.00 target price on the stock in a report on Monday, October 15th. Finally, Deutsche Bank raised American Eagle Outfitters from a hold rating to a buy rating and set a $24.00 target price on the stock in a report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $24.86.
Shares of American Eagle Outfitters stock traded up $0.26 during trading hours on Monday, hitting $20.66. 4,686,758 shares of the company were exchanged, compared to its average volume of 2,684,948. American Eagle Outfitters has a 1 year low of $17.00 and a 1 year high of $29.88. The stock has a market capitalization of $3.52 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 11th. The apparel retailer reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. American Eagle Outfitters had a return on equity of 21.28% and a net margin of 6.96%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. American Eagle Outfitters’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that American Eagle Outfitters will post 1.47 EPS for the current fiscal year.
In other news, EVP Andrew J. Mclean sold 14,984 shares of the company’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $18.26, for a total value of $273,607.84. Following the sale, the executive vice president now directly owns 14,984 shares in the company, valued at $273,607.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at $35,000. Cornerstone Wealth Management LLC purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at $273,000. Acadian Asset Management LLC lifted its position in shares of American Eagle Outfitters by 131.5% in the fourth quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 2,079 shares in the last quarter. First Quadrant L P CA lifted its position in shares of American Eagle Outfitters by 660.9% in the third quarter. First Quadrant L P CA now owns 4,459 shares of the apparel retailer’s stock valued at $111,000 after acquiring an additional 3,873 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at $123,000. Institutional investors and hedge funds own 88.64% of the company’s stock.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
Further Reading: What is a front-end load?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.