American Eagle Outfitters Inc. (NYSE:AEO) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.37-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46.

Several analysts have recently commented on the stock. Mizuho upped their price objective on shares of American Eagle Outfitters from $16.00 to $18.00 and gave the company a neutral rating in a report on Wednesday, August 17th. Deutsche Bank AG raised shares of American Eagle Outfitters from a hold rating to a buy rating and upped their price objective for the company from $17.00 to $22.00 in a report on Monday, August 15th. Telsey Advisory Group increased their price target on shares of American Eagle Outfitters from $18.00 to $22.00 and gave the stock a market perform rating in a report on Monday, August 15th. FBR & Co raised shares of American Eagle Outfitters from a market perform rating to an outperform rating and increased their price target for the stock from $17.00 to $19.00 in a report on Thursday, August 25th. Finally, Zacks Investment Research raised shares of American Eagle Outfitters from a hold rating to a buy rating and set a $21.00 price target on the stock in a report on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. American Eagle Outfitters currently has an average rating of Hold and a consensus price target of $19.63.

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

American Eagle Outfitters Inc. (NYSE:AEO) opened at 18.91 on Wednesday. The stock has a 50 day moving average of $17.46 and a 200 day moving average of $17.15. American Eagle Outfitters Inc. has a 1-year low of $12.78 and a 1-year high of $19.55. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 15.04 and a beta of 0.86.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $941 million for the quarter, compared to analyst estimates of $941.51 million. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities analysts expect that American Eagle Outfitters Inc. will post $1.31 earnings per share for the current year.

In other American Eagle Outfitters news, COO Michael R. Rempell sold 50,826 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $18.84, for a total value of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares in the company, valued at approximately $1,998,490.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.80% of the stock is currently owned by company insiders.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cipher Capital LP raised its position in American Eagle Outfitters by 152.6% in the second quarter. Cipher Capital LP now owns 48,453 shares of the apparel retailer’s stock worth $772,000 after buying an additional 29,270 shares during the period. BlueMountain Capital Management LLC bought a new position in American Eagle Outfitters during the second quarter worth approximately $595,000. Gideon Capital Advisors Inc. bought a new position in American Eagle Outfitters during the second quarter worth approximately $186,000. Sei Investments Co. increased its position in American Eagle Outfitters by 29.4% in the second quarter. Sei Investments Co. now owns 62,400 shares of the apparel retailer’s stock worth $993,000 after buying an additional 14,193 shares in the last quarter. Finally, Comerica Bank increased its position in American Eagle Outfitters by 2.5% in the second quarter. Comerica Bank now owns 118,816 shares of the apparel retailer’s stock worth $2,123,000 after buying an additional 2,953 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

American Eagle Outfitters Company Profile

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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