American Eagle Outfitters (NYSE:AEO) had its price objective lifted by analysts at Telsey Advisory Group from $16.00 to $19.00 in a research note issued on Thursday, Marketbeat reports. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 13.50% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. FBR & Co reissued a “buy” rating and issued a $15.00 price target (up previously from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. SunTrust Banks set a $15.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 24th. B. Riley reissued a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, November 1st. Cowen set a $14.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “hold” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $15.05.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.24 during trading on Thursday, reaching $16.74. 9,100,365 shares of the company’s stock traded hands, compared to its average volume of 4,547,360. The company has a market cap of $2,852.26, a price-to-earnings ratio of 14.01, a PEG ratio of 1.63 and a beta of 1.19. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). The business 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. analysts expect that American Eagle Outfitters will post 1.13 earnings per share for the current fiscal year.

In other news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the sale, the insider now owns 27,531 shares in the company, valued at approximately $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AEO. Louisiana State Employees Retirement System lifted its position in American Eagle Outfitters by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the apparel retailer’s stock worth $523,000 after buying an additional 200 shares in the last quarter. Russell Investments Group Ltd. lifted its position in American Eagle Outfitters by 84.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 138,705 shares of the apparel retailer’s stock worth $1,671,000 after buying an additional 63,583 shares in the last quarter. ING Groep NV acquired a new position in American Eagle Outfitters during the 2nd quarter worth about $244,000. Great West Life Assurance Co. Can lifted its position in American Eagle Outfitters by 3.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 104,564 shares of the apparel retailer’s stock worth $1,259,000 after buying an additional 3,685 shares in the last quarter. Finally, Sei Investments Co. lifted its position in American Eagle Outfitters by 44.4% during the 2nd quarter. Sei Investments Co. now owns 349,536 shares of the apparel retailer’s stock worth $4,212,000 after buying an additional 107,533 shares in the last quarter. Institutional investors and hedge funds own 83.15% of the company’s stock.

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American Eagle Outfitters Company Profile

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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