SunTrust Banks reaffirmed their buy rating on shares of American Eagle Outfitters (NYSE:AEO) in a research note issued to investors on Friday. SunTrust Banks also issued estimates for American Eagle Outfitters’ FY2019 earnings at $1.40 EPS.
Several other research firms have also recently weighed in on AEO. Telsey Advisory Group raised their price target on American Eagle Outfitters from $19.00 to $22.00 and gave the company an outperform rating in a report on Tuesday, January 2nd. BMO Capital Markets set a $21.00 price target on American Eagle Outfitters and gave the company a buy rating in a report on Tuesday, December 19th. Cowen set a $20.00 price target on American Eagle Outfitters and gave the company a buy rating in a report on Thursday, January 18th. Buckingham Research upgraded American Eagle Outfitters from a neutral rating to a buy rating and set a $22.00 price target for the company in a report on Thursday, January 11th. Finally, ValuEngine upgraded American Eagle Outfitters from a hold rating to a buy rating in a report on Saturday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. American Eagle Outfitters currently has an average rating of Hold and an average target price of $15.79.
Shares of American Eagle Outfitters (NYSE AEO) opened at $17.10 on Friday. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $19.48. The stock has a market capitalization of $3,030.00, a PE ratio of 18.79, a P/E/G ratio of 2.36 and a beta of 1.14.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. analysts expect that American Eagle Outfitters will post 1.16 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of AEO. Victory Capital Management Inc. lifted its stake in shares of American Eagle Outfitters by 6,294.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock valued at $41,585,000 after purchasing an additional 2,177,371 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of American Eagle Outfitters by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock valued at $87,008,000 after purchasing an additional 1,687,520 shares during the last quarter. Senvest Management LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $22,737,000. Ameriprise Financial Inc. lifted its stake in shares of American Eagle Outfitters by 205.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock valued at $32,611,000 after purchasing an additional 1,534,344 shares during the last quarter. Finally, Majedie Asset Management Ltd bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $18,202,000. 83.14% of the stock is owned by institutional investors and hedge funds.
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About American Eagle Outfitters
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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