American Eagle Outfitters (AEO) Lifted to Buy at Buckingham Research

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

AEO has been the topic of a number of other research reports. Zacks Investment Research cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley raised their target price on American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Cowen restated an “outperform” rating and set a $16.00 target price (up previously from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.57.

American Eagle Outfitters (AEO) opened at $17.51 on Thursday. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.48. The stock has a market capitalization of $3,100.00, a PE ratio of 19.24, a P/E/G ratio of 2.09 and a beta of 1.18.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. During the same quarter last year, the business posted $0.41 EPS. American Eagle Outfitters’s quarterly revenue was up 2.1% on a year-over-year basis. equities analysts expect that American Eagle Outfitters will post 1.15 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at approximately $0. Invictus RG acquired a new stake in American Eagle Outfitters in the 1st quarter valued at approximately $105,000. Smith Asset Management Group LP raised its position in American Eagle Outfitters by 8,589.7% in the 2nd quarter. Smith Asset Management Group LP now owns 6,778 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 6,700 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in American Eagle Outfitters by 2.2% in the 1st quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 154 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Eagle Outfitters by 58.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 2,877 shares during the last quarter. 83.20% of the stock is currently 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.