American Eagle Outfitters, Inc. (NYSE:AEO) Receives Average Recommendation of “Hold” from Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of equities analysts have recently commented on AEO shares. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. UBS Group cut their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, August 29th.

American Eagle Outfitters Trading Down 2.2 %

Shares of NYSE AEO opened at $19.34 on Tuesday. The stock has a fifty day simple moving average of $20.74 and a two-hundred day simple moving average of $22.13. American Eagle Outfitters has a 1-year low of $14.39 and a 1-year high of $26.44. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% compared to the same quarter last year. Analysts forecast that American Eagle Outfitters will post 1.78 EPS for the current year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares in the last quarter. UMB Bank n.a. purchased a new stake in American Eagle Outfitters during the first quarter valued at about $27,000. Nomura Asset Management Co. Ltd. raised its position in American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 600 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of American Eagle Outfitters in the first quarter worth about $59,000. Finally, CWM LLC increased its holdings in shares of American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after buying an additional 1,020 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.