American Eagle Outfitters, Inc. (NYSE:AEO) was upgraded by equities research analysts at FBR & Co from a “neutral” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

A number of other research firms have also recently weighed in on AEO. B. Riley restated a “neutral” rating and set a $12.50 price objective on shares of American Eagle Outfitters in a research report on Thursday, May 18th. SunTrust Banks, Inc. restated a “buy” rating and set a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. Royal Bank Of Canada set a $14.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Monday, June 19th. Morgan Stanley restated an “underweight” rating and set a $10.00 price objective (down from $13.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. Finally, UBS AG restated a “neutral” rating and set a $11.00 price objective (down from $17.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.40.

American Eagle Outfitters (NYSE AEO) opened at 10.96 on Tuesday. American Eagle Outfitters has a 1-year low of $10.56 and a 1-year high of $19.22. The company’s 50-day moving average is $11.74 and its 200 day moving average is $13.09. The stock has a market capitalization of $1.94 billion, a PE ratio of 10.14 and a beta of 1.09.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $761.80 million for the quarter, compared to analyst estimates of $741.76 million. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share. Equities analysts predict that American Eagle Outfitters will post $1.09 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Teachers Advisors LLC boosted its position in American Eagle Outfitters by 11.9% in the fourth quarter. Teachers Advisors LLC now owns 526,024 shares of the apparel retailer’s stock worth $7,980,000 after buying an additional 55,956 shares during the last quarter. Capstone Asset Management Co. boosted its position in American Eagle Outfitters by 0.4% in the first quarter. Capstone Asset Management Co. now owns 15,667 shares of the apparel retailer’s stock worth $220,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in American Eagle Outfitters by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 43,200 shares of the apparel retailer’s stock worth $606,000 after buying an additional 900 shares during the last quarter. Legato Capital Management LLC boosted its position in American Eagle Outfitters by 1,303.0% in the first quarter. Legato Capital Management LLC now owns 61,774 shares of the apparel retailer’s stock worth $4,403,000 after buying an additional 57,371 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in American Eagle Outfitters by 150.2% in the first quarter. Gateway Investment Advisers LLC now owns 385,666 shares of the apparel retailer’s stock worth $5,411,000 after buying an additional 231,550 shares during the last quarter. 89.03% of the stock is currently owned by institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

The Fly

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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