American Eagle Outfitters (NYSE:AEO) had its price objective upped by equities research analysts at Telsey Advisory Group from $19.00 to $22.00 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 17.02% from the stock’s current price.
AEO has been the subject of several other reports. B. Riley increased their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Wolfe Research raised shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks reissued a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a report on Thursday, December 7th. ValuEngine raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Finally, BMO Capital Markets set a $21.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.48.
American Eagle Outfitters (NYSE AEO) traded down $0.23 during midday trading on Tuesday, hitting $18.80. 1,801,300 shares of the stock traded hands, compared to its average volume of 4,562,523. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $19.48. The stock has a market cap of $3,333.39, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.17 and a beta of 1.18.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American Eagle Outfitters by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after acquiring an additional 729 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of American Eagle Outfitters during the 2nd quarter valued at approximately $128,000. CIBC World Markets Inc. boosted its position in shares of American Eagle Outfitters by 0.6% during the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after acquiring an additional 63 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of American Eagle Outfitters by 91.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after acquiring an additional 5,282 shares during the last quarter. Finally, Shelton Capital Management bought a new position in shares of American Eagle Outfitters during the 2nd quarter valued at approximately $154,000. 83.20% of the stock is owned by institutional investors and hedge funds.
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.
