American Eagle Outfitters (AEO) Receives Buy Rating from SunTrust Banks
American Eagle Outfitters (NYSE:AEO)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks in a research note issued on Thursday. They presently have a $19.00 price target on the apparel retailer’s stock. SunTrust Banks’ target price would indicate a potential upside of 15.15% from the stock’s current price.
Several other analysts also recently weighed in on the stock. Cowen reiterated an “outperform” rating and issued a $19.00 target price (up previously from $16.00) on shares of American Eagle Outfitters in a report on Thursday. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday. B. Riley lifted their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Thursday, November 9th. Finally, Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.05.
American Eagle Outfitters (NYSE:AEO) traded up $0.39 during trading on Thursday, reaching $16.50. 11,638,200 shares of the company traded hands, compared to its average volume of 4,528,117. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $18.49. The firm has a market cap of $2,852.26, a P/E ratio of 14.01, a PEG ratio of 1.63 and a beta of 1.19.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts predict that American Eagle Outfitters will post 1.13 EPS for the current year.
In related news, insider Jennifer M. Foyle sold 13,500 shares of American Eagle Outfitters stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total transaction of $191,970.00. Following the sale, the insider now directly owns 27,531 shares in the company, valued at approximately $391,490.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.80% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in American Eagle Outfitters by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 666,250 shares of the apparel retailer’s stock worth $9,527,000 after acquiring an additional 61,504 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in American Eagle Outfitters during the 3rd quarter worth $160,000. Point72 Asset Management L.P. acquired a new stake in American Eagle Outfitters during the 3rd quarter worth $1,122,000. Highbridge Capital Management LLC acquired a new position in American Eagle Outfitters in the third quarter valued at $257,000. Finally, Vident Investment Advisory LLC increased its stake in American Eagle Outfitters by 65.6% in the third quarter. Vident Investment Advisory LLC now owns 235,467 shares of the apparel retailer’s stock valued at $3,367,000 after purchasing an additional 93,239 shares during the period. Hedge funds and other institutional investors own 83.15% of the company’s stock.
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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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