American Eagle Outfitters (NYSE:AEO – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday, Zacks reports.
A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets raised their price target on American Eagle Outfitters from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 29th. William Blair reissued a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Morgan Stanley cut their price target on shares of American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, September 10th. Weiss Ratings raised shares of American Eagle Outfitters from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.55.
View Our Latest Report on American Eagle Outfitters
American Eagle Outfitters Price Performance
American Eagle Outfitters (NYSE:AEO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters will post 2.24 EPS for the current year.
Insider Activity
In related news, Director Cary McMillan sold 3,617 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction on Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the transaction, the director owned 53,481 shares in the company, valued at $921,477.63. This trade represents a 9.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,013 shares of company stock valued at $229,350 over the last 90 days. 8.95% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On American Eagle Outfitters
A number of institutional investors have recently made changes to their positions in the business. Plato Investment Management Ltd bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $25,000. Allworth Financial LP bought a new stake in American Eagle Outfitters in the second quarter valued at $36,000. EverSource Wealth Advisors LLC grew its position in American Eagle Outfitters by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock valued at $48,000 after acquiring an additional 694 shares during the period. Quantbot Technologies LP acquired a new position in American Eagle Outfitters during the second quarter worth $57,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of American Eagle Outfitters by 772.7% during the second quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer’s stock valued at $69,000 after acquiring an additional 3,539 shares during the period. 97.33% of the stock is currently owned by institutional investors.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.
American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.
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