American Eagle Outfitters (NYSE:AEO) Price Target Raised to $20.00

American Eagle Outfitters (NYSE:AEO) had its price objective hoisted by research analysts at Citigroup from $19.00 to $20.00 in a research report issued to clients and investors on Friday, March 9th. The firm currently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price objective suggests a potential downside of 1.77% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Thursday, November 9th. Buckingham Research raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, January 11th. Wolfe Research raised American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price target on shares of American Eagle Outfitters in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. American Eagle Outfitters presently has an average rating of “Buy” and an average price target of $18.37.

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Shares of American Eagle Outfitters stock traded up $0.61 during midday trading on Friday, hitting $20.36. 4,420,007 shares of the company were exchanged, compared to its average volume of 4,315,149. The company has a market capitalization of $3,533.75, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $20.83.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. American Eagle Outfitters’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. sell-side analysts anticipate that American Eagle Outfitters will post 1.46 EPS for the current year.

In other news, insider Jennifer M. Foyle sold 22,000 shares of American Eagle Outfitters stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total value of $433,180.00. Following the completion of the sale, the insider now directly owns 49,791 shares of the company’s stock, valued at approximately $980,384.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael R. Rempell sold 15,000 shares of American Eagle Outfitters stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $19.92, for a total value of $298,800.00. The disclosure for this sale can be found here. Insiders sold a total of 46,467 shares of company stock valued at $922,267 over the last three months. Insiders own 5.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in AEO. Cerebellum GP LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $129,000. Advisor Group Inc. grew its stake in shares of American Eagle Outfitters by 291.6% during the fourth quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 5,404 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter worth $160,000. Lbmc Investment Advisors LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter worth $182,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $189,000. 86.07% of the stock is owned by institutional investors and hedge funds.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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