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

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $26.00.

AEO has been the subject of a number of analyst reports. TD Cowen reduced their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, August 29th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group decreased their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AEO. Nomura Asset Management Co. Ltd. boosted its position in shares of American Eagle Outfitters by 40.5% during the 4th 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. Parallel Advisors LLC boosted its holdings 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 worth $26,000 after buying an additional 905 shares in the last quarter. Arizona State Retirement System boosted its holdings in American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after buying an additional 963 shares in the last quarter. Louisiana State Employees Retirement System grew its position in American Eagle Outfitters by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after buying an additional 1,000 shares during the last quarter. 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 valued at $63,000 after buying an additional 1,020 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $19.01 on Tuesday. The company’s fifty day moving average is $20.75 and its two-hundred day moving average is $22.28. American Eagle Outfitters has a 1-year low of $14.39 and a 1-year high of $26.44. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50.

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

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.