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Equities research analysts at Johnson Rice initiated coverage on shares of American Eagle Outfitters (NYSE:AEO) in a research note issued to investors on Monday, ARN reports. The firm set an “overweight” rating on the stock.

American Eagle Outfitters (NYSE:AEO) opened at 14.57 on Monday. American Eagle Outfitters has a 52 week low of $13.14 and a 52 week high of $22.63. The stock’s 50-day moving average is $14.86 and its 200-day moving average is $15.70. The company has a market cap of $2.809 billion and a price-to-earnings ratio of 16.99.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Friday, December 6th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $844.76 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts expect that American Eagle Outfitters will post $0.73 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $13.00 price target on the stock. Separately, analysts at Jefferies Group upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $17.00 price target on the stock, up previously from $14.69. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.40.

American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.

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