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

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

A number of other research firms have also recently weighed in on AEO. Telsey Advisory Group lowered their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. Barclays lowered their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Bank of America dropped their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 target price (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. Finally, BMO Capital Markets dropped their price target on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $16.73 on Monday. The stock has a market cap of $3.21 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.12 and a beta of 1.53. The stock’s fifty day moving average is $17.87 and its 200 day moving average is $19.67. American Eagle Outfitters has a one year low of $16.06 and a one year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. Analysts predict that American Eagle Outfitters will post 1.69 EPS for the current year.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is owned by insiders.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. purchased a new position in American Eagle Outfitters during the third quarter worth $119,691,000. Victory Capital Management Inc. grew its holdings in American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after purchasing an additional 1,936,938 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after purchasing an additional 865,355 shares during the period. Renaissance Technologies LLC bought a new stake in American Eagle Outfitters in the second quarter worth about $16,861,000. Finally, American Century Companies Inc. lifted its stake in American Eagle Outfitters by 18.1% in the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.