American Eagle Outfitters (NYSE:AEO)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks in a research report issued on Thursday. They currently have a $19.00 price target on the apparel retailer’s stock. SunTrust Banks’ price objective would indicate a potential upside of 15.15% from the company’s previous close.

Several other research analysts have also recently issued reports on AEO. B. Riley reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, November 1st. Cowen reissued an “outperform” rating and issued a $19.00 price objective (up previously from $16.00) on shares of American Eagle Outfitters in a research note on Thursday. Telsey Advisory Group increased their price objective on American Eagle Outfitters from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer set a $13.00 target price on American Eagle Outfitters and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Finally, Buckingham Research restated a “neutral” rating on shares of American Eagle Outfitters in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.05.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.39 during trading hours on Thursday, reaching $16.50. The company had a trading volume of 11,638,200 shares, compared to its average volume of 4,528,117. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $18.49. The company has a market capitalization of $2,852.26, a PE ratio of 14.01, a P/E/G ratio of 1.63 and a beta of 1.19.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts predict that American Eagle Outfitters will post 1.13 EPS for the current fiscal year.

In other news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the sale, the insider now owns 27,531 shares in the company, valued at approximately $391,490.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of American Eagle Outfitters by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 666,250 shares of the apparel retailer’s stock valued at $9,527,000 after purchasing an additional 61,504 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $160,000. Point72 Asset Management L.P. purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $1,122,000. Highbridge Capital Management LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $257,000. Finally, Vident Investment Advisory LLC lifted its holdings in shares of American Eagle Outfitters by 65.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 235,467 shares of the apparel retailer’s stock valued at $3,367,000 after purchasing an additional 93,239 shares during the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.

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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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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