American Eagle Outfitters (NYSE:AEO) Rating Increased to Buy at Wall Street Zen

American Eagle Outfitters (NYSE:AEO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on the stock. Barclays lowered their target price on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a report on Monday, June 1st. TD Cowen reduced their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Citigroup decreased their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Finally, Bank of America dropped their target price on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $20.36.

American Eagle Outfitters Stock Up 0.2%

Shares of NYSE:AEO opened at $16.49 on Friday. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 3.58 and a beta of 1.31. The business’s 50 day moving average is $16.99 and its 200 day moving average is $20.55. American Eagle Outfitters has a 12-month low of $9.58 and a 12-month high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned ($0.29) EPS. On average, sell-side analysts forecast that American Eagle Outfitters will post 1.77 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 2,887 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. The disclosure for this sale is available in the SEC filing. Company insiders own 8.95% of the company’s stock.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently modified their holdings of AEO. Kemnay Advisory Services Inc. bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL lifted its position in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 500 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of American Eagle Outfitters by 177.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 1,134 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 447 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.