American Eagle Outfitters (NYSE:AEO) – Stock analysts at Jefferies Group boosted their FY2018 earnings estimates for American Eagle Outfitters in a research report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst J. Stichter now forecasts that the apparel retailer will post earnings of $1.17 per share for the year, up from their prior forecast of $1.16. Jefferies Group also issued estimates for American Eagle Outfitters’ FY2019 earnings at $1.31 EPS.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
A number of other brokerages also recently commented on AEO. SunTrust Banks restated a “buy” rating and set a $21.00 price objective on shares of American Eagle Outfitters in a research report on Tuesday, January 9th. Cowen set a $20.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, January 18th. Telsey Advisory Group increased their price target on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $21.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.79.
American Eagle Outfitters (AEO) opened at $17.56 on Wednesday. The company has a market cap of $3,113.53, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $19.48.
A number of large investors have recently bought and sold shares of the business. Aperio Group LLC increased its holdings in American Eagle Outfitters by 2.5% during the 4th 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 in the last quarter. Victory Capital Management Inc. increased its holdings in American Eagle Outfitters by 6,294.3% during the 4th 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 in the last quarter. Engineers Gate Manager LP purchased a new position in American Eagle Outfitters during the 4th quarter valued at about $1,721,000. Algert Global LLC purchased a new position in American Eagle Outfitters during the 4th quarter valued at about $2,454,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in American Eagle Outfitters by 35.1% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.
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About American Eagle Outfitters
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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