American Eagle Outfitters’ (AEO) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $28.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 16.49% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Citigroup boosted their price target on shares of American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Barclays raised their target price on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, January 6th. Royal Bank Of Canada set a $23.00 price objective on American Eagle Outfitters in a report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Finally, TD Cowen restated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Stock Up 1.2%

Shares of AEO opened at $24.04 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. American Eagle Outfitters has a 12-month low of $9.27 and a 12-month high of $28.46. The business’s 50 day moving average is $25.37 and its 200 day moving average is $20.25. The company has a market capitalization of $4.07 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 6.22 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. American Eagle Outfitters’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Research analysts expect that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of American Eagle Outfitters stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 246,839 shares of company stock valued at $6,004,388. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of large investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in American Eagle Outfitters during the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of American Eagle Outfitters by 177.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.