American Eagle Outfitters, Inc. (NYSE:AEO)‘s stock had its “neutral” rating reiterated by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Thursday. They presently have a $13.00 target price on the apparel retailer’s stock, up from their prior target price of $12.00. J P Morgan Chase & Co’s price target indicates a potential upside of 2.12% from the company’s current price.
A number of other research analysts also recently issued reports on AEO. UBS AG reissued a “neutral” rating and issued a $11.00 price target (down from $17.00) on shares of American Eagle Outfitters in a report on Friday, May 19th. B. Riley reissued a “neutral” rating and issued a $12.50 price target on shares of American Eagle Outfitters in a report on Thursday, May 18th. Buckingham Research reissued a “neutral” rating on shares of American Eagle Outfitters in a report on Thursday. BMO Capital Markets set a $15.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. set a $15.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.75.
American Eagle Outfitters (NYSE AEO) opened at 12.73 on Thursday. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.02. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.07 and a beta of 1.09. The company’s 50 day moving average is $11.65 and its 200-day moving average is $12.89.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The firm had revenue of $845 million during the quarter, compared to the consensus estimate of $823.84 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that American Eagle Outfitters will post $1.13 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. 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 during the last quarter. RidgeWorth Capital Management LLC bought a new stake in shares of American Eagle Outfitters during the first quarter valued at about $29,610,000. 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 during the last quarter. 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 during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of American Eagle Outfitters during the first quarter valued at about $16,019,000. Institutional investors 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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