American Eagle Outfitters (NYSE:AEO) had its price target hoisted by B. Riley from $15.00 to $18.00 in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the apparel retailer’s stock. B. Riley’s price target would suggest a potential upside of 7.53% from the stock’s previous close.

AEO has been the subject of a number of other reports. Royal Bank Of Canada set a $14.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, August 29th. Deutsche Bank reaffirmed a “hold” rating and issued a $12.00 price target (down from $13.00) on shares of American Eagle Outfitters in a research note on Friday, August 11th. Buckingham Research reissued a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Oppenheimer set a $13.00 target price on American Eagle Outfitters and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Finally, Wolfe Research raised American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. American Eagle Outfitters presently has an average rating of “Hold” and a consensus target price of $15.05.

Shares of American Eagle Outfitters (NYSE AEO) traded up $0.24 during mid-day trading on Thursday, hitting $16.74. The stock had a trading volume of 9,100,365 shares, compared to its average volume of 4,547,360. The company has a market cap of $2,852.26, a PE ratio of 14.01, a PEG ratio of 1.63 and a beta of 1.19. American Eagle Outfitters has a one year low of $10.23 and a one year high of $18.49.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. analysts forecast 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 firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the transaction, the insider now directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System grew its stake 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 worth $9,527,000 after acquiring an additional 61,504 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $160,000. Point72 Asset Management L.P. bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $1,122,000. Highbridge Capital Management LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $257,000. Finally, Vident Investment Advisory LLC grew its stake 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 worth $3,367,000 after acquiring an additional 93,239 shares in the last quarter. 83.15% of the stock is owned by institutional investors.

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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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