American Eagle Outfitters Inc. (NYSE:AEO) posted its quarterly earnings results on Wednesday. The apparel retailer reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The firm earned $941 million during the quarter, compared to the consensus estimate of $940.94 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. American Eagle Outfitters updated its Q4 guidance to $0.37-0.39 EPS.

Shares of American Eagle Outfitters (NYSE:AEO) opened at 16.56 on Thursday. The company’s 50-day moving average is $17.46 and its 200-day moving average is $17.18. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 13.17 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.

Earnings History for American Eagle Outfitters (NYSE:AEO)

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

Hedge funds have recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its stake 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 worth $190,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in 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 worth $403,000 after buying an additional 176 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in 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 worth $626,000 after buying an additional 204 shares during the last quarter. State Treasurer State of Michigan increased its position in 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 worth $1,064,000 after buying an additional 400 shares during the last quarter. Finally, Invictus RG increased its position in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock worth $108,000 after buying an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

WARNING: “American Eagle Outfitters Inc. (AEO) Announces Quarterly Earnings Results” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and republished in violation of US & international copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2016/12/01/american-eagle-outfitters-inc-aeo-announces-quarterly-earnings-results.html.

AEO has been the subject of several research analyst reports. Wunderlich reaffirmed a “buy” rating and issued a $22.00 price target on shares of American Eagle Outfitters in a research note on Monday. Jefferies Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Monday, September 12th. BMO Capital Markets raised shares of American Eagle Outfitters from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Monday, October 10th. They noted that the move was a valuation call. FBR & Co reissued an “outperform” rating on shares of American Eagle Outfitters in a research report on Tuesday, September 6th. Finally, Deutsche Bank AG raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $22.00 in a research report on Monday, August 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.74.

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

Receive News & Stock Ratings for American Eagle Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters Inc. and related stocks with our FREE daily email newsletter.