American Eagle Outfitters (NYSE:AEO) – Investment analysts at SunTrust Banks boosted their FY2019 earnings per share estimates for shares of American Eagle Outfitters in a note issued to investors on Monday, Zacks Investment Research reports. SunTrust Banks analyst P. Quintiliano now forecasts that the apparel retailer will earn $1.31 per share for the year, up from their previous forecast of $1.28. SunTrust Banks has a “Buy” rating and a $21.00 price objective on the stock.
AEO has been the topic of a number of other reports. Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley lifted their target price on American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Telsey Advisory Group lifted their target price on American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus price target of $15.79.
Shares of American Eagle Outfitters (AEO) traded down $0.21 during midday trading on Wednesday, hitting $17.84. The stock had a trading volume of 434,983 shares, compared to its average volume of 3,905,778. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $19.48. The stock has a market capitalization of $3,191.54 and a price-to-earnings ratio of 19.62.
American Eagle Outfitters (NYSE:AEO) last announced its 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 business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in AEO. Aperio Group LLC boosted its stake in American Eagle Outfitters by 2.5% in the fourth quarter. Aperio Group LLC now owns 196,377 shares of the apparel retailer’s stock valued at $3,692,000 after acquiring an additional 4,826 shares during the period. Victory Capital Management Inc. boosted its stake in American Eagle Outfitters by 6,294.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock valued at $41,585,000 after acquiring an additional 2,177,371 shares during the period. Engineers Gate Manager LP acquired a new position in American Eagle Outfitters in the fourth quarter valued at approximately $1,721,000. Algert Global LLC acquired a new position in American Eagle Outfitters in the fourth quarter valued at approximately $2,454,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Eagle Outfitters by 35.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock valued at $217,000 after acquiring an additional 2,993 shares during the period. 83.63% of the stock is owned by hedge funds and other 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.
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