American Eagle Outfitters (NYSE:AEO) Price Target Raised to $22.00

American Eagle Outfitters (NYSE:AEO) had its price objective boosted by equities researchers at UBS Group from $21.50 to $22.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the apparel retailer’s stock. UBS Group’s target price indicates a potential upside of 22.87% from the stock’s previous close.

AEO has been the topic of a number of other reports. Bank of America restated an “underperform” rating and issued a $10.00 price target (down from $11.00) on shares of American Eagle Outfitters in a research note on Monday, August 25th. Morgan Stanley lifted their target price on American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. BTIG Research began coverage on shares of American Eagle Outfitters in a research report on Thursday, September 18th. They set a “neutral” rating on the stock. Jefferies Financial Group boosted their price target on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, September 4th. Finally, Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $15.11.

American Eagle Outfitters Price Performance

AEO stock traded up $0.41 during mid-day trading on Wednesday, reaching $17.91. The company’s stock had a trading volume of 352,997 shares, compared to its average volume of 8,948,221. American Eagle Outfitters has a fifty-two week low of $9.27 and a fifty-two week high of $20.55. The stock has a market cap of $3.03 billion, a PE ratio of 17.21 and a beta of 1.59. The company’s 50 day moving average is $17.06 and its two-hundred day moving average is $13.44. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts expect that American Eagle Outfitters will post 1.7 EPS for the current year.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 40,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.12, for a total value of $724,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janice E. Page sold 26,869 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.04, for a total value of $484,716.76. Following the sale, the director owned 90,383 shares in the company, valued at $1,630,509.32. This trade represents a 22.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 138,766 shares of company stock valued at $2,515,354. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of American Eagle Outfitters during the 2nd quarter valued at about $35,000. Strs Ohio acquired a new position in American Eagle Outfitters during the third quarter worth approximately $36,000. Federated Hermes Inc. increased its position in American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $39,000. Finally, Larson Financial Group LLC increased its holdings in shares of American Eagle Outfitters by 8,432.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock worth $41,000 after buying an additional 2,361 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.