American Eagle Outfitters (NYSE:AEO - Get Free Report)'s stock had its "equal weight" rating restated by equities researchers at Barclays in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $17.00 target price on the apparel retailer's stock, down from their previous target price of $19.00. Barclays's price target would indicate a potential upside of 9.04% from the company's current price.
Other equities research analysts have also issued research reports about the company. Bank of America lowered their target price on American Eagle Outfitters from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group lowered their price objective on American Eagle Outfitters from $20.00 to $18.00 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $19.00 to $17.00 in a report on Wednesday. Finally, StockNews.com raised shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.00.
Get Our Latest Stock Analysis on AEO
American Eagle Outfitters Stock Performance
AEO traded down $0.46 during midday trading on Wednesday, hitting $15.59. The stock had a trading volume of 3,751,439 shares, compared to its average volume of 3,981,301. American Eagle Outfitters has a 1 year low of $15.36 and a 1 year high of $26.44. The business has a fifty day moving average of $16.86 and a 200 day moving average of $19.05. The company has a market cap of $2.99 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.95 and a beta of 1.53.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities research analysts anticipate that American Eagle Outfitters will post 1.7 earnings per share for the current year.
Insider Buying and Selling
In related 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 value of $48,043.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On American Eagle Outfitters
Hedge funds have recently modified their holdings of the business. HighTower Advisors LLC bought a new stake in American Eagle Outfitters during the fourth quarter valued at about $267,000. Wealthfront Advisers LLC bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at approximately $1,377,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Eagle Outfitters by 17.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,399 shares of the apparel retailer's stock valued at $873,000 after acquiring an additional 7,710 shares during the period. Amundi increased its holdings in American Eagle Outfitters by 173.8% in the 4th quarter. Amundi now owns 88,172 shares of the apparel retailer's stock worth $1,457,000 after acquiring an additional 55,964 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in American Eagle Outfitters by 23.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,581 shares of the apparel retailer's stock worth $443,000 after acquiring an additional 4,974 shares during the period. Institutional investors own 97.33% of the company's stock.
About American Eagle Outfitters
(
Get Free Report)
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.
Further Reading
Before you consider American Eagle Outfitters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Eagle Outfitters wasn't on the list.
While American Eagle Outfitters currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
