American Eagle Outfitters (NYSE:AEO – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.
Several other research firms have also recently commented on AEO. Weiss Ratings cut shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. TD Cowen decreased their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Citigroup dropped their target price on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. JPMorgan Chase & Co. dropped their target price on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Finally, William Blair restated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $19.91.
Read 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 Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) earnings per share. On average, analysts predict that American Eagle Outfitters will post 1.77 earnings per share for the current fiscal year.
Insider Buying and Selling
In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the transaction, the director owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,563 shares of company stock worth $196,599 in the last ninety days. 8.95% of the stock is owned by corporate insiders.
Institutional Trading of American Eagle Outfitters
A number of large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock valued at $158,231,000 after acquiring an additional 680,332 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in American Eagle Outfitters by 151,993.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock worth $1,725,000 after purchasing an additional 65,357 shares during the period. Broad Peak Investment Advisers Pte Ltd acquired a new stake in American Eagle Outfitters during the 1st quarter worth $2,973,000. Hillsdale Investment Management Inc. purchased a new position in American Eagle Outfitters during the 1st quarter worth $5,490,000. Finally, Vanguard Group Inc. increased its stake in American Eagle Outfitters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock valued at $485,166,000 after purchasing an additional 249,158 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.
American Eagle Outfitters Company Profile
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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