American Eagle Outfitters (NYSE:AEO) had its target price upped by analysts at B. Riley from $15.00 to $18.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the apparel retailer’s stock. B. Riley’s target price points to a potential upside of 9.09% from the company’s current price.
Several other brokerages have also weighed in on AEO. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, September 13th. Cowen set a $14.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. SunTrust Banks set a $15.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, August 24th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 target price (up from $13.00) on shares of American Eagle Outfitters in a research report on Tuesday, September 5th. Finally, ValuEngine lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. American Eagle Outfitters has an average rating of “Hold” and an average price target of $14.71.
American Eagle Outfitters (NYSE:AEO) opened at $16.50 on Thursday. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $18.49. The firm has a market capitalization of $2,852.26, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.
In other news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the transaction, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its holdings in American Eagle Outfitters by 10.2% in the 3rd quarter. California Public Employees Retirement System now owns 666,250 shares of the apparel retailer’s stock valued at $9,527,000 after buying an additional 61,504 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at approximately $160,000. Point72 Asset Management L.P. acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at approximately $1,122,000. Highbridge Capital Management LLC acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at approximately $257,000. Finally, Vident Investment Advisory LLC grew its holdings in American Eagle Outfitters by 65.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 235,467 shares of the apparel retailer’s stock valued at $3,367,000 after buying an additional 93,239 shares during the last quarter. 83.15% of the stock is currently owned by hedge funds and other institutional investors.
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American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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