American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned a $14.00 price objective by equities researchers at Royal Bank Of Canada in a report issued on Tuesday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 11.91% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Jefferies Group LLC set a $19.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Wednesday, May 10th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. BidaskClub upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, BMO Capital Markets set a $15.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.75.

Shares of American Eagle Outfitters (NYSE AEO) opened at 12.51 on Tuesday. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 12.84 and a beta of 1.09. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.02. The stock has a 50 day moving average of $11.65 and a 200 day moving average of $12.89.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $845 million for the quarter, compared to analyst estimates of $823.84 million. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. American Eagle Outfitters’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that American Eagle Outfitters will post $1.13 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkwood LLC increased its position in American Eagle Outfitters by 26.6% in the first quarter. Parkwood LLC now owns 17,737 shares of the apparel retailer’s stock valued at $249,000 after buying an additional 3,727 shares in the last quarter. Soros Fund Management LLC purchased a new position in American Eagle Outfitters during the first quarter valued at approximately $556,000. HighTower Advisors LLC increased its position in American Eagle Outfitters by 2.0% in the first quarter. HighTower Advisors LLC now owns 14,893 shares of the apparel retailer’s stock valued at $210,000 after buying an additional 290 shares in the last quarter. Envestnet Asset Management Inc. increased its position in American Eagle Outfitters by 85.8% in the first quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock valued at $432,000 after buying an additional 14,230 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in American Eagle Outfitters by 1.0% in the first quarter. Nationwide Fund Advisors now owns 393,026 shares of the apparel retailer’s stock valued at $5,514,000 after buying an additional 3,841 shares in the last quarter. 83.91% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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