American Eagle Outfitters' (AEO) Market Perform Rating Reaffirmed at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO - Get Free Report)'s stock had its "market perform" rating reiterated by research analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $18.00 target price on the apparel retailer's stock. Telsey Advisory Group's target price points to a potential upside of 40.57% from the company's previous close.

A number of other research analysts also recently issued reports on AEO. UBS Group cut their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Barclays reiterated an "equal weight" rating and issued a $17.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. StockNews.com upgraded shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group cut their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and an average price target of $19.70.

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American Eagle Outfitters Stock Up 4.0 %

NYSE:AEO traded up $0.50 during mid-day trading on Thursday, reaching $12.81. 6,641,967 shares of the company were exchanged, compared to its average volume of 4,581,909. American Eagle Outfitters has a 12 month low of $11.65 and a 12 month high of $26.25. The company has a fifty day moving average of $15.38 and a 200 day moving average of $18.07. The stock has a market cap of $2.46 billion, a PE ratio of 10.94, a PEG ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company's revenue was down .9% on a year-over-year basis. On average, equities research analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently made changes to their positions in the business. Zacks Investment Management bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $931,000. Intech Investment Management LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $3,731,000. NFJ Investment Group LLC bought a new position in shares of American Eagle Outfitters in the third quarter valued at $2,680,000. Entropy Technologies LP bought a new position in shares of American Eagle Outfitters in the fourth quarter valued at $378,000. Finally, Nordea Investment Management AB bought a new position in shares of American Eagle Outfitters in the fourth quarter valued at $1,557,000. 97.33% of the stock is owned by 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.