UBS Group Boosts American Eagle Outfitters (NYSE:AEO) Price Target to $22.00

American Eagle Outfitters (NYSE:AEO) had its target price lifted by analysts at UBS Group from $21.50 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. UBS Group’s price target suggests a potential upside of 25.11% from the stock’s previous close.

AEO has been the subject of a number of other research reports. Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Morgan Stanley lifted their price objective on American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Jefferies Financial Group upped their target price on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $15.11.

American Eagle Outfitters Stock Up 0.5%

Shares of AEO stock opened at $17.58 on Wednesday. American Eagle Outfitters has a 1 year low of $9.27 and a 1 year high of $20.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. The business’s fifty day moving average is $16.99 and its 200-day moving average is $13.50. The stock has a market cap of $2.98 billion, a PE ratio of 16.91 and a beta of 1.59.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. Equities analysts expect that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

Insider Activity

In other American Eagle Outfitters news, Director Janice E. Page sold 26,869 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.04, for a total value of $484,716.76. Following the sale, the director owned 90,383 shares of the company’s stock, valued at $1,630,509.32. The trade was a 22.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,945 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $16.95, for a total transaction of $49,917.75. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 138,766 shares of company stock valued at $2,515,354. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its position in American Eagle Outfitters by 41.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock valued at $22,196,000 after acquiring an additional 678,536 shares during the period. Savant Capital LLC lifted its holdings in shares of American Eagle Outfitters by 170.8% during the second quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock valued at $396,000 after acquiring an additional 25,962 shares during the period. Voya Investment Management LLC boosted its stake in shares of American Eagle Outfitters by 29.4% in the 1st quarter. Voya Investment Management LLC now owns 142,328 shares of the apparel retailer’s stock valued at $1,654,000 after purchasing an additional 32,305 shares in the last quarter. Delta Investment Management LLC acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at $144,000. Finally, Parallax Volatility Advisers L.P. bought a new stake in shares of American Eagle Outfitters in the 1st quarter worth about $531,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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.