American Eagle Outfitters (NYSE:AEO) Upgraded by StockNews.com to "Buy" Rating

American Eagle Outfitters (NYSE:AEO - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.

Other equities research analysts have also issued research reports about the company. UBS Group dropped their price target on 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 restated an "equal weight" rating and set a $17.00 target price (down from $19.00) on shares of American Eagle Outfitters in a report on Wednesday, February 5th. BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday, December 5th. Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a "market perform" rating on the stock. Finally, Telsey Advisory Group reduced their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a "market perform" rating for the company in a research note on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.44.

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American Eagle Outfitters Stock Down 0.3 %

NYSE AEO traded down $0.04 during trading on Tuesday, reaching $13.06. 5,609,580 shares of the stock traded hands, compared to its average volume of 4,219,012. American Eagle Outfitters has a fifty-two week low of $12.79 and a fifty-two week high of $26.44. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53. The stock's 50-day moving average price is $15.73 and its 200 day moving average price is $18.32.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The firm's revenue was down .9% on a year-over-year basis. Analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. acquired a new position in American Eagle Outfitters during the third quarter worth $119,691,000. Millennium Management LLC grew its position in shares of American Eagle Outfitters by 1,510.1% in the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after acquiring an additional 2,353,225 shares during the period. Norges Bank acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $35,267,000. Victory Capital Management Inc. raised its holdings in shares of American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer's stock valued at $97,858,000 after purchasing an additional 1,262,693 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in American Eagle Outfitters by 2,408.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer's stock valued at $20,738,000 after purchasing an additional 1,194,408 shares during the last quarter. Institutional investors own 97.33% of the company's stock.

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.