UBS Group Analysts Give American Eagle Outfitters (NYSE:AEO) a $26.00 Price Target

American Eagle Outfitters (NYSE:AEO) has been assigned a $26.00 price target by UBS Group in a note issued to investors on Wednesday, TipRanks reports. The firm currently has a “buy” rating on the apparel retailer’s stock. UBS Group’s target price indicates a potential upside of 49.68% from the stock’s current price.

A number of other research firms have also recently weighed in on AEO. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada cut shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price objective for the company. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Wedbush cut shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 9th. Zacks Investment Research cut shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group set a $28.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. American Eagle Outfitters presently has an average rating of “Hold” and a consensus target price of $23.73.

NYSE:AEO opened at $17.37 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.46 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.58 and a beta of 1.07. American Eagle Outfitters has a fifty-two week low of $16.31 and a fifty-two week high of $29.88.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $886.29 million during the quarter, compared to analysts’ expectations of $855.55 million. American Eagle Outfitters had a net margin of 6.41% and a return on equity of 20.80%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, equities research analysts predict that American Eagle Outfitters will post 1.58 EPS for the current year.

In related news, EVP Andrew J. Mclean sold 15,196 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $315,317.00. Following the completion of the sale, the executive vice president now directly owns 30,180 shares in the company, valued at $626,235. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 117,051 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the sale, the insider now owns 144,228 shares of the company’s stock, valued at $3,393,684.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,820 shares of company stock valued at $3,151,706. 6.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AEO. Federated Investors Inc. PA boosted its stake in American Eagle Outfitters by 64.6% during the first quarter. Federated Investors Inc. PA now owns 666,542 shares of the apparel retailer’s stock worth $14,777,000 after buying an additional 261,578 shares during the period. Victory Capital Management Inc. boosted its stake in American Eagle Outfitters by 18.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,779,870 shares of the apparel retailer’s stock worth $34,405,000 after buying an additional 278,026 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in American Eagle Outfitters by 1,864.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,299,537 shares of the apparel retailer’s stock worth $67,000 after buying an additional 1,233,392 shares during the period. GAM Holding AG boosted its stake in American Eagle Outfitters by 64.2% during the fourth quarter. GAM Holding AG now owns 56,827 shares of the apparel retailer’s stock worth $1,079,000 after buying an additional 22,223 shares during the period. Finally, Vanguard Group Inc boosted its stake in American Eagle Outfitters by 9.8% during the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock worth $425,035,000 after buying an additional 1,521,279 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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