American Eagle Outfitters (AEO) – Research Analysts’ Recent Ratings Changes

Posted by on Jun 5th, 2023

Several brokerages have updated their recommendations and price targets on shares of American Eagle Outfitters (NYSE: AEO) in the last few weeks:

  • 5/25/2023 – American Eagle Outfitters had its price target lowered by analysts at BMO Capital Markets from $14.00 to $10.00.
  • 5/25/2023 – American Eagle Outfitters had its price target lowered by analysts at Bank of America Co. from $14.00 to $9.00.
  • 5/25/2023 – American Eagle Outfitters had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $17.00 to $14.00.
  • 5/25/2023 – American Eagle Outfitters had its price target lowered by analysts at Barclays PLC from $13.00 to $11.00.
  • 5/18/2023 – American Eagle Outfitters is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 5/18/2023 – American Eagle Outfitters had its price target lowered by analysts at Citigroup Inc. from $17.00 to $14.00.
  • 5/9/2023 – American Eagle Outfitters had its price target lowered by analysts at Jefferies Financial Group Inc. from $16.00 to $14.00.
  • 5/8/2023 – American Eagle Outfitters had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $15.00.
  • 5/2/2023 – American Eagle Outfitters had its price target lowered by analysts at Barclays PLC from $16.00 to $13.00.

American Eagle Outfitters Trading Up 7.4 %

Shares of AEO stock opened at $11.05 on Monday. American Eagle Outfitters, Inc. has a 52-week low of $9.46 and a 52-week high of $17.09. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 2.30 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.58. The firm has a fifty day moving average of $12.83 and a 200-day moving average of $14.14.

American Eagle Outfitters (NYSE:AEO – Get Rating) last announced its quarterly earnings data on Wednesday, May 24th. The apparel retailer reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. American Eagle Outfitters had a net margin of 2.23% and a return on equity of 12.89%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other American Eagle Outfitters news, EVP Michael R. Rempell sold 12,510 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $13.13, for a total transaction of $164,256.30. Following the sale, the executive vice president now owns 172,003 shares of the company’s stock, valued at approximately $2,258,399.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Michael R. Rempell sold 2,967 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $13.56, for a total value of $40,232.52. Following the transaction, the executive vice president now owns 172,003 shares of the company’s stock, valued at approximately $2,332,360.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael R. Rempell sold 12,510 shares of the firm’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $13.13, for a total transaction of $164,256.30. Following the completion of the transaction, the executive vice president now directly owns 172,003 shares in the company, valued at approximately $2,258,399.39. The disclosure for this sale can be found here. Insiders sold 24,205 shares of company stock worth $321,515 in the last quarter. 7.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State of Wyoming acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $27,000. Belpointe Asset Management LLC acquired a new stake in American Eagle Outfitters during the 4th quarter worth approximately $29,000. Canada Pension Plan Investment Board purchased a new position in American Eagle Outfitters during the 1st quarter valued at about $37,000. Quarry LP purchased a new position in shares of American Eagle Outfitters during the first quarter worth about $38,000. Finally, Eisler Capital UK Ltd. purchased a new position in shares of American Eagle Outfitters during the third quarter worth about $34,000. Institutional investors own 93.34% of the company’s stock.

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.

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