American Eagle Outfitters Inc. (NYSE:AEO) has been assigned a $22.00 price objective by investment analysts at Wunderlich in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Wunderlich’s price objective points to a potential upside of 32.85% from the stock’s previous close.

Several other equities research analysts have also issued reports on AEO. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of American Eagle Outfitters in a report on Thursday, August 18th. Jefferies Group reissued a “buy” rating on shares of American Eagle Outfitters in a report on Sunday, September 4th. FBR & Co boosted 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 Thursday, August 18th. SunTrust Banks Inc. boosted their price target on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Nomura boosted their price target on shares of American Eagle Outfitters from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of “Buy” and an average target price of $19.55.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters (NYSE:AEO) traded down 0.272% during trading on Monday, reaching $16.515. 6,783,861 shares of the company’s stock traded hands. The firm’s 50 day moving average is $17.47 and its 200-day moving average is $17.15. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.138 and a beta of 0.86. American Eagle Outfitters has a 12 month low of $12.78 and a 12 month high of $19.55.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The business had revenue of $941 million for the quarter, compared to analyst estimates of $940.94 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. American Eagle Outfitters’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post $1.31 EPS for the current fiscal year.

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In other news, COO Michael R. Rempell sold 50,826 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $18.84, for a total transaction of $957,561.84. Following the completion of the transaction, the chief operating officer now directly owns 106,077 shares of the company’s stock, valued at approximately $1,998,490.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Loomis Sayles & Co. L P boosted its position in shares of American Eagle Outfitters by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 11,923 shares of the apparel retailer’s stock valued at $190,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of American Eagle Outfitters by 0.8% in the third quarter. First Citizens Bank & Trust Co. now owns 22,549 shares of the apparel retailer’s stock valued at $403,000 after buying an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of American Eagle Outfitters by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 39,300 shares of the apparel retailer’s stock valued at $626,000 after buying an additional 204 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of American Eagle Outfitters by 0.6% in the second quarter. State Treasurer State of Michigan now owns 66,775 shares of the apparel retailer’s stock valued at $1,064,000 after buying an additional 400 shares in the last quarter. Finally, Invictus RG boosted its position in shares of American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 449 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

5 Day Chart for NYSE:AEO

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