Jefferies Group Analysts Boost Earnings Estimates for American Eagle Outfitters (AEO)

American Eagle Outfitters (NYSE:AEO) – Equities researchers at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of American Eagle Outfitters in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Stichter now forecasts that the apparel retailer will post earnings of $1.18 per share for the year, up from their previous forecast of $1.17. Jefferies Group also issued estimates for American Eagle Outfitters’ Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.50 EPS.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS.

AEO has been the topic of several other reports. Buckingham Research raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Thursday, January 11th. 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 report on Thursday, December 7th. Wolfe Research raised American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 target price on shares of American Eagle Outfitters in a report on Thursday, December 7th. Finally, ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $15.79.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.55 during mid-day trading on Wednesday, reaching $18.92. The company had a trading volume of 1,263,602 shares, compared to its average volume of 3,755,270. The company has a market cap of $3,269.56, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.47 and a beta of 1.14. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $19.48.

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC acquired a new position in American Eagle Outfitters during the 2nd quarter worth approximately $128,000. Cerebellum GP LLC acquired a new position in American Eagle Outfitters during the 4th quarter worth approximately $129,000. Advisor Group Inc. raised its stake in American Eagle Outfitters by 291.6% during the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after buying an additional 5,404 shares during the period. Cubist Systematic Strategies LLC acquired a new position in American Eagle Outfitters during the 3rd quarter worth approximately $160,000. Finally, Lbmc Investment Advisors LLC acquired a new position in American Eagle Outfitters during the 3rd quarter worth approximately $182,000. 84.59% of the stock is currently 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.

Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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