American Eagle Outfitters (NYSE:AEO) Releases Earnings Results, Beats Estimates By $0.13 EPS

American Eagle Outfitters (NYSE:AEO) issued its quarterly earnings results on Wednesday. The apparel retailer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13, FiscalAI reports. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.

American Eagle Outfitters Stock Up 0.9%

Shares of NYSE AEO traded up $0.20 during trading hours on Wednesday, hitting $22.44. The stock had a trading volume of 10,558,424 shares, compared to its average volume of 5,602,753. The firm’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $20.61. American Eagle Outfitters has a 52 week low of $9.27 and a 52 week high of $28.46. The company has a market capitalization of $3.80 billion, a P/E ratio of 19.34, a P/E/G ratio of 5.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.

Insider Activity at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 246,839 shares of company stock valued at $6,004,388. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after acquiring an additional 447 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of American Eagle Outfitters by 2.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock worth $669,000 after purchasing an additional 510 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of American Eagle Outfitters by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock worth $989,000 after purchasing an additional 731 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in American Eagle Outfitters by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer’s stock valued at $655,000 after purchasing an additional 734 shares during the period. Finally, Tidal Investments LLC boosted its stake in American Eagle Outfitters by 2.0% during the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer’s stock valued at $519,000 after purchasing an additional 1,046 shares during the period. Institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

AEO has been the subject of several research analyst reports. UBS Group upped their price target on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Bank of America boosted their target price on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a report on Wednesday, December 3rd. Citigroup lifted their price target on American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.45.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.