American Eagle Outfitters Inc. (NYSE:AEO) had its price target dropped by equities research analysts at FBR & Co from $19.00 to $17.00 in a research note issued to investors on Thursday. The firm currently has a “mkt perform” rating on the apparel retailer’s stock. FBR & Co’s price target points to a potential upside of 2.66% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. B. Riley reaffirmed 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 research note on Sunday, September 4th. Vetr raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating and set a $19.93 target price on the stock in a research note on Wednesday. SunTrust Banks Inc. increased their target price on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, Nomura increased their target price on shares of American Eagle Outfitters from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.66.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters (NYSE:AEO) opened at 16.56 on Thursday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 13.17 and a beta of 0.86. The company has a 50-day moving average price of $17.46 and a 200 day moving average price of $17.18. American Eagle Outfitters has a 52-week low of $12.78 and a 52-week high of $19.55.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 EPS 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 company had revenue of $941 million for the quarter, compared to analyst estimates of $940.94 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect that American Eagle Outfitters will post $1.31 earnings per share for the current year.

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In related news, COO Michael R. Rempell sold 50,826 shares of the 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 owns 106,077 shares of the company’s stock, valued at approximately $1,998,490.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. South Texas Money Management Ltd. boosted its position in American Eagle Outfitters by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 1,731,713 shares of the apparel retailer’s stock worth $27,586,000 after buying an additional 4,497 shares during the last quarter. Ardevora Asset Management LLP boosted its position in American Eagle Outfitters by 17.3% in the second quarter. Ardevora Asset Management LLP now owns 1,325,400 shares of the apparel retailer’s stock worth $21,114,000 after buying an additional 195,400 shares during the last quarter. Hamlin Capital Management LLC boosted its position in American Eagle Outfitters by 13.8% in the second quarter. Hamlin Capital Management LLC now owns 4,601,788 shares of the apparel retailer’s stock worth $73,306,000 after buying an additional 556,632 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in American Eagle Outfitters by 1.5% in the second quarter. Emerald Advisers Inc. PA now owns 1,328,149 shares of the apparel retailer’s stock worth $21,157,000 after buying an additional 19,020 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in American Eagle Outfitters by 17.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 427,100 shares of the apparel retailer’s stock worth $6,804,000 after buying an additional 63,500 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

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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