American Eagle Outfitters (NYSE:AEO) PT Raised to $20.00 at Bank of America

American Eagle Outfitters (NYSE:AEO) had its price target lifted by equities research analysts at Bank of America from $19.00 to $20.00 in a report released on Friday, March 9th. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Bank of America’s price target indicates a potential upside of 1.27% from the company’s current price.

A number of other research analysts have also recently commented on AEO. Zacks Investment Research cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Buckingham Research set a $23.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Friday, March 9th. Jefferies Group reissued a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a research note on Friday, February 23rd. Finally, Telsey Advisory Group increased their target price on American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.37.

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Shares of American Eagle Outfitters stock traded down $0.18 during trading hours on Friday, hitting $19.75. The company’s stock had a trading volume of 3,931,366 shares, compared to its average volume of 4,313,459. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $20.83. The company has a market capitalization of $3,533.75, a price-to-earnings ratio of 17.03, a PEG ratio of 1.93 and a beta of 1.03.

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 analysts’ consensus estimates of $0.44. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts forecast that American Eagle Outfitters will post 1.46 earnings per share for the current year.

In other news, insider Jennifer M. Foyle sold 22,000 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total transaction of $433,180.00. Following the sale, the insider now directly owns 49,791 shares in the company, valued at approximately $980,384.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael R. Rempell sold 9,467 shares of the firm’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $20.10, for a total value of $190,286.70. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Chartwell Investment Partners LLC acquired a new stake in American Eagle Outfitters in the 3rd quarter worth about $3,995,000. Paradigm Capital Management Inc. NY boosted its holdings in American Eagle Outfitters by 3.2% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 236,300 shares of the apparel retailer’s stock worth $3,379,000 after buying an additional 7,300 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in American Eagle Outfitters by 3.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 398,185 shares of the apparel retailer’s stock worth $7,486,000 after buying an additional 12,559 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in American Eagle Outfitters in the 4th quarter worth about $2,918,000. Finally, Senvest Management LLC acquired a new stake in American Eagle Outfitters in the 3rd quarter worth about $22,737,000. Institutional investors own 86.07% of the company’s stock.

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About American Eagle Outfitters

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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