American Eagle Outfitters (AEO) Receives Consensus Recommendation of “Hold” from Brokerages

American Eagle Outfitters (NYSE:AEO) has been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.59.

A number of analysts have recently issued reports on the company. B. Riley restated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, November 1st. Buckingham Research upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, January 11th. Cowen restated an “outperform” rating and set a $19.00 price objective (up from $16.00) on shares of American Eagle Outfitters in a research report on Thursday, December 7th. SunTrust Banks restated a “buy” rating on shares of American Eagle Outfitters in a research report on Friday, February 2nd. Finally, Telsey Advisory Group boosted their price objective on American Eagle Outfitters from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th.

American Eagle Outfitters (NYSE:AEO) traded up $0.25 on Tuesday, hitting $17.65. The stock had a trading volume of 2,867,664 shares, compared to its average volume of 3,959,889. The company has a market capitalization of $3,134.80, a PE ratio of 19.18, a PEG ratio of 2.37 and a beta of 1.14. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.48.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. sell-side analysts forecast that American Eagle Outfitters will post 1.16 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in American Eagle Outfitters in the 4th quarter valued at $2,073,000. Alliancebernstein L.P. boosted its stake in American Eagle Outfitters by 50.2% in the 4th quarter. Alliancebernstein L.P. now owns 375,833 shares of the apparel retailer’s stock valued at $7,066,000 after buying an additional 125,630 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in American Eagle Outfitters by 174.1% in the 4th quarter. Kennedy Capital Management Inc. now owns 654,957 shares of the apparel retailer’s stock valued at $12,313,000 after buying an additional 416,043 shares in the last quarter. Maverick Capital Ltd. boosted its stake in American Eagle Outfitters by 604.3% in the 4th quarter. Maverick Capital Ltd. now owns 906,132 shares of the apparel retailer’s stock valued at $17,035,000 after buying an additional 777,472 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in American Eagle Outfitters in the 4th quarter valued at $189,000. 83.21% of the stock is currently owned by institutional investors and hedge funds.

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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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