American Eagle Outfitters, Inc. (NYSE:AEO) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, July 27th.
Other research analysts have also issued research reports about the company. Wolfe Research lowered American Eagle Outfitters from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, May 9th. Jefferies Group LLC set a $19.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price objective on shares of American Eagle Outfitters in a report on Friday, May 12th. Deutsche Bank AG restated a “buy” rating and set a $20.00 price objective on shares of American Eagle Outfitters in a report on Monday, April 24th. Finally, BMO Capital Markets set a $15.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, July 6th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.73.
American Eagle Outfitters (NYSE:AEO) opened at 11.79 on Thursday. American Eagle Outfitters has a 12 month low of $10.56 and a 12 month high of $19.55. The firm has a 50-day moving average price of $11.69 and a 200 day moving average price of $13.30. The stock has a market capitalization of $2.09 billion, a PE ratio of 10.91 and a beta of 1.09.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. American Eagle Outfitters had a net margin of 5.44% and a return on equity of 18.95%. The company had revenue of $761.80 million during the quarter, compared to analysts’ expectations of $741.76 million. During the same period in the previous year, the company posted $0.22 EPS. American Eagle Outfitters’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts anticipate that American Eagle Outfitters will post $1.09 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its position in American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock worth $109,000 after buying an additional 2,877 shares in the last quarter. Elkfork Partners LLC raised its position in American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares in the last quarter. Ronald Blue & Co. LLC raised its position in American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after buying an additional 311 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new position in American Eagle Outfitters during the first quarter worth approximately $147,000. 89.88% of the stock is owned by hedge funds and other institutional investors.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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