American Eagle Outfitters (NYSE:AEO) Given “Market Perform” Rating at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $23.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 4.36% from the stock’s previous close.

A number of other analysts have also commented on the stock. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. TD Cowen cut their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, UBS Group dropped their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.75.

American Eagle Outfitters Stock Up 0.6 %

NYSE AEO traded up $0.14 on Wednesday, reaching $22.04. 454,327 shares of the stock traded hands, compared to its average volume of 4,618,967. American Eagle Outfitters has a 12 month low of $15.68 and a 12 month high of $26.44. The firm’s fifty day simple moving average is $20.77 and its 200 day simple moving average is $21.94. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS 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 the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that American Eagle Outfitters will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the sale, the director now owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the sale, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,020,996 shares of company stock worth $20,499,893. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several institutional investors have recently added to or reduced their stakes in AEO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of American Eagle Outfitters during the second quarter worth about $291,000. Dana Investment Advisors Inc. raised its stake in American Eagle Outfitters by 10.9% in the second quarter. Dana Investment Advisors Inc. now owns 66,708 shares of the apparel retailer’s stock worth $1,331,000 after buying an additional 6,558 shares in the last quarter. Impala Asset Management LLC bought a new position in American Eagle Outfitters in the second quarter worth about $5,489,000. Shellback Capital LP raised its stake in American Eagle Outfitters by 40.0% in the second quarter. Shellback Capital LP now owns 875,000 shares of the apparel retailer’s stock worth $17,465,000 after buying an additional 250,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in American Eagle Outfitters by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 103,514 shares of the apparel retailer’s stock worth $2,066,000 after buying an additional 3,925 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

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.