American Eagle Outfitters (NYSE:AEO) Issues Earnings Results

American Eagle Outfitters (NYSE:AEOGet Rating) posted its earnings results on Tuesday. The apparel retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19, Briefing.com reports. American Eagle Outfitters had a return on equity of 13.56% and a net margin of 2.42%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis.

American Eagle Outfitters Stock Performance

AEO opened at $15.80 on Thursday. American Eagle Outfitters has a 52-week low of $9.46 and a 52-week high of $28.62. The firm has a market capitalization of $2.96 billion, a PE ratio of 26.78, a PEG ratio of 2.03 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.68 and a current ratio of 1.86. The business’s 50-day simple moving average is $11.09 and its 200 day simple moving average is $11.84.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in American Eagle Outfitters by 15.6% in the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock valued at $170,967,000 after buying an additional 2,369,726 shares during the period. Dimensional Fund Advisors LP raised its stake in American Eagle Outfitters by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,924,912 shares of the apparel retailer’s stock valued at $99,543,000 after buying an additional 72,940 shares during the period. State Street Corp raised its stake in American Eagle Outfitters by 9.5% in the third quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock valued at $55,829,000 after buying an additional 499,560 shares during the period. Charles Schwab Investment Management Inc. raised its stake in American Eagle Outfitters by 135.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,981,091 shares of the apparel retailer’s stock valued at $50,083,000 after buying an additional 1,713,420 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in American Eagle Outfitters by 91.1% in the second quarter. Goldman Sachs Group Inc. now owns 2,534,761 shares of the apparel retailer’s stock valued at $28,338,000 after buying an additional 1,208,317 shares during the period.

Analyst Ratings Changes

A number of research firms have issued reports on AEO. Cowen decreased their target price on American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a research note on Thursday, September 8th. StockNews.com began coverage on American Eagle Outfitters in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Citigroup boosted their target price on American Eagle Outfitters from $10.00 to $17.00 in a research note on Wednesday. Cowen reduced their price objective on American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. upped their price objective on American Eagle Outfitters from $12.00 to $13.00 in a research report on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.00.

About American Eagle Outfitters

(Get Rating)

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.

Recommended Stories

Earnings History for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.