American Eagle Outfitters, Inc. (NYSE:AEO) was upgraded by equities researchers at FBR & Co from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $13.00 price target on the apparel retailer’s stock. FBR & Co’s target price indicates a potential upside of 13.54% from the company’s previous close.
A number of other research firms also recently issued reports on AEO. Jefferies Group LLC set a $19.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Wolfe Research downgraded American Eagle Outfitters from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, May 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price objective on shares of American Eagle Outfitters in a research note on Monday, April 24th. Vetr downgraded American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $15.00 price objective on the stock. in a research note on Thursday, April 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price objective on shares of American Eagle Outfitters in a research note on Friday, May 12th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.40.
American Eagle Outfitters (AEO) opened at 11.45 on Tuesday. American Eagle Outfitters has a 52-week low of $10.56 and a 52-week high of $19.12. The company has a market capitalization of $2.03 billion, a PE ratio of 10.59 and a beta of 1.09. The company has a 50 day moving average of $11.71 and a 200 day moving average of $13.05.
American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The firm had revenue of $761.80 million during the quarter, compared to the consensus estimate of $741.76 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters will post $1.09 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Eagle Outfitters by 8,781.1% in the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after buying an additional 17,572,904 shares in the last quarter. LSV Asset Management boosted its stake in shares of American Eagle Outfitters by 1.1% in the second quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock valued at $88,446,000 after buying an additional 76,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Eagle Outfitters by 30.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock valued at $87,008,000 after buying an additional 1,687,520 shares in the last quarter. State Street Corp boosted its stake in shares of American Eagle Outfitters by 4.5% in the second quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock valued at $72,433,000 after buying an additional 258,845 shares in the last quarter. Finally, Hamlin Capital Management LLC boosted its stake in shares of American Eagle Outfitters by 34.0% in the second quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock valued at $69,137,000 after buying an additional 1,456,748 shares in the last quarter. Institutional investors and hedge funds own 89.03% of the company’s stock.
About American Eagle Outfitters
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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