American Eagle Outfitters (NYSE:AEO – Get Free Report) had its price objective decreased by equities research analysts at TD Cowen from $19.00 to $18.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the apparel retailer’s stock. TD Cowen’s target price points to a potential upside of 20.12% from the company’s previous close.
A number of other analysts have also commented on AEO. Wall Street Zen raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Zacks Research cut American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Barclays raised American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and set a $19.00 price objective for the company in a research note on Wednesday, May 6th. Citigroup raised their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Finally, Needham & Company LLC initiated coverage on American Eagle Outfitters in a research note on Thursday, March 26th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $22.45.
Get Our Latest Stock Report on AEO
American Eagle Outfitters Stock Performance
American Eagle Outfitters (NYSE:AEO – Get Free Report) last released its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, analysts predict that American Eagle Outfitters will post 1.76 EPS for the current year.
Insider Transactions at American Eagle Outfitters
In other news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. The SEC filing for this sale provides additional information. Corporate insiders own 8.70% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of AEO. Strategic Investment Solutions Inc. IL raised its stake in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in American Eagle Outfitters in the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in American Eagle Outfitters in the fourth quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new stake in American Eagle Outfitters in the second quarter worth approximately $35,000. Finally, Strs Ohio purchased a new stake in American Eagle Outfitters during the third quarter valued at $36,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.
American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.
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