American Eagle Outfitters (NYSE:AEO) PT Set at $21.00 by BMO Capital Markets

American Eagle Outfitters (NYSE:AEO) received a $21.00 target price from BMO Capital Markets in a report issued on Tuesday, December 19th. The firm presently has a “buy” rating on the apparel retailer’s stock. BMO Capital Markets’ target price points to a potential upside of 14.50% from the stock’s current price.

AEO has been the topic of a number of other research reports. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. SunTrust Banks restated a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a report on Thursday, December 7th. Cowen restated an “outperform” rating and issued a $19.00 target price (up previously from $16.00) on shares of American Eagle Outfitters in a report on Thursday, December 7th. Telsey Advisory Group lifted their price target on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Finally, B. Riley lifted their price target on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.74.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.16 during trading hours on Tuesday, hitting $18.34. 3,500,129 shares of the stock traded hands, compared to its average volume of 5,820,000. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.48. The company has a market capitalization of $3,250.00, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.10 and a beta of 1.18.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. During the same period in the previous year, the company earned $0.41 earnings per share. American Eagle Outfitters’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts forecast that American Eagle Outfitters will post 1.16 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in AEO. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Eagle Outfitters by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at about $128,000. CIBC World Markets Inc. raised its holdings in shares of American Eagle Outfitters by 0.6% in the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of American Eagle Outfitters by 91.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after acquiring an additional 5,282 shares in the last quarter. Finally, Shelton Capital Management bought a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $154,000. 83.20% of the stock is owned by institutional investors.

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American Eagle Outfitters Company Profile

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

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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