American Eagle Outfitters (NYSE:AEO) Price Target Raised to $18.00

American Eagle Outfitters (NYSE:AEO) had its price target lifted by stock analysts at Citigroup from $15.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price target points to a potential upside of 3.06% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. UBS Group raised their price target on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the company a “buy” rating in a research report on Thursday, September 4th. Morgan Stanley lifted their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $9.00 target price on shares of American Eagle Outfitters in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.06.

American Eagle Outfitters Stock Performance

NYSE:AEO traded down $0.32 during mid-day trading on Tuesday, hitting $17.47. The company’s stock had a trading volume of 6,255,906 shares, compared to its average volume of 9,081,366. The business’s fifty day moving average is $16.97 and its two-hundred day moving average is $13.16. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 16.79 and a beta of 1.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. American Eagle Outfitters has a 1 year low of $9.27 and a 1 year high of $20.55.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director David M. Sable sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $19.22, for a total value of $96,100.00. Following the transaction, the director owned 48,640 shares in the company, valued at approximately $934,860.80. This trade represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 9,002 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.11, for a total transaction of $163,026.22. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 138,766 shares of company stock valued at $2,515,354. 8.70% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Several large investors have recently bought and sold shares of AEO. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters in the 2nd quarter worth approximately $35,000. Strs Ohio acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $36,000. Federated Hermes Inc. increased its holdings in shares of American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 2,315 shares during the last quarter. McIlrath & Eck LLC purchased a new position in American Eagle Outfitters during the third quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. boosted its stake in American Eagle Outfitters by 41.4% during the third quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock worth $53,000 after buying an additional 906 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.