American Eagle Outfitters (NYSE:AEO) has been assigned a $21.00 price objective by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the apparel retailer’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.09% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. FBR & Co reissued a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. SunTrust Banks set a $15.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 24th. B. Riley reissued a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, November 1st. Cowen set a $14.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “hold” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $15.33.
Shares of American Eagle Outfitters (NYSE AEO) traded down $0.18 during midday trading on Tuesday, reaching $18.09. 3,893,000 shares of the company’s stock were exchanged, compared to its average volume of 4,610,562. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $18.38. The firm has a market cap of $3,239.42, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the sale, the insider now owns 27,531 shares in the company, valued at approximately $391,490.82. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AEO. Assetmark acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at about $0. Glen Harbor Capital Management LLC increased its holdings in shares of 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 purchasing an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of American Eagle Outfitters by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the period. Invictus RG acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $105,000. Finally, Smith Asset Management Group LP increased its holdings in shares of 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 purchasing an additional 6,700 shares during the period. Institutional investors own 83.20% 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.
