American Eagle Outfitters (NYSE:AEO) Rating Increased to Buy at StockNews.com
American Eagle Outfitters (NYSE:AEO – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.
Several other research firms have also recently commented on AEO. UBS Group upped their target price on shares of American Eagle Outfitters from $18.00 to $22.00 in a research note on Friday, September 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of American Eagle Outfitters from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $19.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, November 22nd. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, November 24th. Finally, TD Cowen upped their target price on shares of American Eagle Outfitters from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.45.
View Our Latest Analysis on AEO
American Eagle Outfitters Trading Up 3.9 %
NYSE AEO traded up $0.78 during trading on Tuesday, reaching $20.89. The company’s stock had a trading volume of 3,374,286 shares, compared to its average volume of 4,594,447. The stock has a market capitalization of $4.13 billion, a PE ratio of 18.82, a PEG ratio of 0.79 and a beta of 1.49. The business has a 50-day moving average price of $18.55 and a 200-day moving average price of $15.76. American Eagle Outfitters has a 1-year low of $9.95 and a 1-year high of $21.36.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last posted its earnings results on Tuesday, November 21st. The apparel retailer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. American Eagle Outfitters had a net margin of 4.30% and a return on equity of 15.23%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts expect that American Eagle Outfitters will post 1.35 earnings per share for the current year.
Insiders Place Their Bets
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $17.00, for a total transaction of $510,000.00. Following the sale, the insider now owns 232,459 shares of the company’s stock, valued at approximately $3,951,803. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $17.00, for a total transaction of $510,000.00. Following the transaction, the insider now directly owns 232,459 shares in the company, valued at approximately $3,951,803. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael R. Rempell sold 40,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $19.55, for a total transaction of $782,000.00. Following the transaction, the executive vice president now owns 172,186 shares in the company, valued at $3,366,236.30. The disclosure for this sale can be found here. Insiders own 7.50% of the company’s stock.
Institutional Trading of American Eagle Outfitters
A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of American Eagle Outfitters by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 20,453,599 shares of the apparel retailer’s stock valued at $339,734,000 after acquiring an additional 60,418 shares during the period. Wellington Management Group LLP raised its position in shares of American Eagle Outfitters by 84.0% in the 3rd quarter. Wellington Management Group LLP now owns 233,065 shares of the apparel retailer’s stock valued at $3,871,000 after acquiring an additional 106,397 shares during the period. American Century Companies Inc. raised its holdings in American Eagle Outfitters by 28.5% during the 3rd quarter. American Century Companies Inc. now owns 2,259,598 shares of the apparel retailer’s stock worth $37,532,000 after buying an additional 500,555 shares during the period. Deutsche Bank AG raised its holdings in American Eagle Outfitters by 15.3% during the 3rd quarter. Deutsche Bank AG now owns 95,415 shares of the apparel retailer’s stock worth $1,585,000 after buying an additional 12,630 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in American Eagle Outfitters during the 3rd quarter worth approximately $2,327,000. 90.10% of the stock is currently owned by institutional investors and hedge funds.
About American Eagle Outfitters (Get Free Report)
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.
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Original: MarketBeat News Feed: American Eagle Outfitters (NYSE:AEO) Rating Increased to Buy at StockNews.com