American Eagle Outfitters, Inc. (NYSE:AEO) Given Consensus Rating of “Hold” by Brokerages

American Eagle Outfitters, Inc. (NYSE:AEOGet Free Report) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.3636.

Several research firms have commented on AEO. Weiss Ratings downgraded shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Zacks Research downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Citigroup lowered their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group set a $22.00 target price on shares of American Eagle Outfitters in a research note on Monday.

Check Out Our Latest Report on AEO

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Joseph Spiegel sold 2,887 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The disclosure for this sale is available in the SEC filing. Insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP boosted its stake in American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after acquiring an additional 4,959,039 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in American Eagle Outfitters by 162.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after purchasing an additional 3,926,230 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in American Eagle Outfitters during the fourth quarter worth about $40,954,000. Segall Bryant & Hamill LLC purchased a new position in American Eagle Outfitters during the third quarter worth about $23,395,000. Finally, Lazard Asset Management LLC raised its holdings in American Eagle Outfitters by 794.3% during the first quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer’s stock worth $21,643,000 after purchasing an additional 1,151,091 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $16.35 on Thursday. The company has a fifty day simple moving average of $17.08 and a two-hundred day simple moving average of $21.08. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 3.51 and a beta of 1.33. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. American Eagle Outfitters has a 52 week low of $9.27 and a 52 week high of $28.46.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. As a group, equities analysts anticipate that American Eagle Outfitters will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Company Profile

(Get Free Report)

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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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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