American Eagle Outfitters (NYSE:AEO) Upgraded by StockNews.com to Buy Rating

American Eagle Outfitters (NYSE:AEO) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group lowered their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Raymond James initiated coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating on the stock. UBS Group cut their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Barclays decreased their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Telsey Advisory Group cut their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $22.40.

American Eagle Outfitters Trading Up 0.1 %

Shares of AEO traded up $0.02 during mid-day trading on Monday, reaching $17.20. 3,426,538 shares of the stock traded hands, compared to its average volume of 3,519,446. American Eagle Outfitters has a 1 year low of $16.06 and a 1 year high of $26.44. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. The firm has a fifty day moving average price of $17.94 and a 200 day moving average price of $19.69.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts anticipate that American Eagle Outfitters will post 1.69 EPS for the current year.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds have recently made changes to their positions in the business. TD Asset Management Inc boosted its holdings in American Eagle Outfitters by 3.4% in the second quarter. TD Asset Management Inc now owns 60,500 shares of the apparel retailer’s stock valued at $1,208,000 after acquiring an additional 2,000 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of American Eagle Outfitters by 165.4% during the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after buying an additional 1,936,938 shares during the period. Arizona State Retirement System increased its position in shares of American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after buying an additional 963 shares during the period. Candriam S.C.A. purchased a new stake in American Eagle Outfitters in the second quarter worth about $240,000. Finally, LSV Asset Management purchased a new stake in American Eagle Outfitters in the second quarter worth about $8,790,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.