American Eagle Outfitters (NYSE:AEO) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other analysts also recently issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a report on Wednesday, September 13th. Jefferies Group set a $18.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Sunday, September 10th. FBR & Co reiterated a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. Royal Bank Of Canada set a $14.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, SunTrust Banks set a $15.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.05.

Shares of American Eagle Outfitters (AEO) traded up $0.49 during midday trading on Friday, hitting $17.23. 5,940,217 shares of the stock were exchanged, compared to its average volume of 5,125,743. The firm has a market cap of $2,968.14, a P/E ratio of 15.08, a P/E/G ratio of 1.67 and a beta of 1.19. American Eagle Outfitters has a fifty-two week low of $10.23 and a fifty-two week high of $18.49.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts predict that American Eagle Outfitters will post 1.14 earnings per share for the current year.

In other American Eagle Outfitters 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 completion of the transaction, the insider now owns 27,531 shares in the company, valued at $391,490.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.80% of the company’s stock.

Large investors have recently bought and sold shares of the business. Chartwell Investment Partners LLC acquired a new position in shares of American Eagle Outfitters in the third quarter worth $3,995,000. Engineers Gate Manager LP purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter worth $2,016,000. Paradigm Capital Management Inc. NY lifted its position in shares of American Eagle Outfitters by 3.2% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 236,300 shares of the apparel retailer’s stock worth $3,379,000 after purchasing an additional 7,300 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 purchasing an additional 63,583 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of American Eagle Outfitters by 807.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 496,468 shares of the apparel retailer’s stock worth $5,958,000 after purchasing an additional 441,740 shares during the last quarter. Institutional investors and hedge funds 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.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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