American Eagle Outfitters (NYSE:AEO) Issues Quarterly Earnings Results

American Eagle Outfitters (NYSE:AEOGet Rating) announced its quarterly earnings results on Tuesday. The apparel retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.19, Briefing.com reports. American Eagle Outfitters had a return on equity of 19.05% and a net margin of 3.81%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $15.36 on Wednesday. The stock has a market cap of $2.88 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The company has a current ratio of 1.64, a quick ratio of 0.68 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $11.81. American Eagle Outfitters has a 1-year low of $9.46 and a 1-year high of $29.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Cowen dropped their target price on American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, September 8th. Bank of America cut American Eagle Outfitters from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, July 26th. UBS Group decreased their price target on American Eagle Outfitters to $16.00 in a research report on Tuesday, August 30th. StockNews.com started coverage on American Eagle Outfitters in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Cowen decreased their price target on American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating on the stock in a research report on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $13.77.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in AEO. Canada Pension Plan Investment Board acquired a new position in shares of American Eagle Outfitters in the first quarter worth approximately $37,000. Ergoteles LLC acquired a new position in shares of American Eagle Outfitters in the first quarter worth approximately $185,000. Prelude Capital Management LLC acquired a new position in shares of American Eagle Outfitters in the third quarter worth approximately $193,000. LPL Financial LLC lifted its stake in shares of American Eagle Outfitters by 4.7% in the second quarter. LPL Financial LLC now owns 24,782 shares of the apparel retailer’s stock worth $277,000 after acquiring an additional 1,113 shares during the period. Finally, Keeley Teton Advisors LLC acquired a new position in American Eagle Outfitters in the first quarter valued at approximately $295,000.

About American Eagle Outfitters

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American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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Earnings History for American Eagle Outfitters (NYSE:AEO)

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