American Eagle Outfitters (NYSE:AEO) Receives New Coverage from Analysts at StockNews.com

Posted by Defense World Staff on May 18th, 2023

Research analysts at StockNews.com started coverage on shares of American Eagle Outfitters (NYSE:AEO – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the apparel retailer’s stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group lowered their price objective on shares of American Eagle Outfitters from $16.00 to $14.00 in a research note on Tuesday, May 9th. UBS Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Barclays cut their price target on American Eagle Outfitters from $16.00 to $13.00 in a research note on Tuesday, May 2nd. JPMorgan Chase & Co. increased their price target on American Eagle Outfitters from $14.00 to $15.00 in a research note on Monday, May 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price target on shares of American Eagle Outfitters in a research note on Thursday, March 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $14.31.

American Eagle Outfitters Trading Up 2.2 %

NYSE AEO opened at $12.95 on Thursday. The stock’s fifty day moving average price is $13.26 and its 200-day moving average price is $14.15. The stock has a market cap of $2.56 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.92 and a beta of 1.52. American Eagle Outfitters has a 12 month low of $9.46 and a 12 month high of $17.09. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

American Eagle Outfitters (NYSE:AEO – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The apparel retailer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, equities analysts forecast that American Eagle Outfitters will post 1.12 EPS for the current fiscal year.

Insider Activity

In other news, EVP Michael R. Rempell sold 18,997 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the completion of the sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,519,843.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total transaction of $278,306.05. Following the transaction, the executive vice president now owns 172,003 shares of the company’s stock, valued at $2,519,843.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael R. Rempell sold 5,761 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $13.33, for a total value of $76,794.13. Following the transaction, the executive vice president now directly owns 172,003 shares in the company, valued at approximately $2,292,799.99. The disclosure for this sale can be found here. Insiders sold 43,202 shares of company stock valued at $599,822 in the last ninety days. Insiders own 8.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Large investors have recently made changes to their positions in the stock. State of Wyoming purchased a new stake in shares of American Eagle Outfitters during the fourth quarter valued at $27,000. Belpointe Asset Management LLC bought a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $29,000. Canada Pension Plan Investment Board bought a new stake in shares of American Eagle Outfitters during the first quarter valued at approximately $37,000. Quarry LP bought a new stake in shares of American Eagle Outfitters during the first quarter valued at approximately $38,000. Finally, Eisler Capital UK Ltd. bought a new stake in shares of American Eagle Outfitters during the third quarter valued at approximately $34,000. 93.34% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

(Get Rating)

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.