American Eagle Outfitters Inc. (NYSE:AEO) had its target price reduced by stock analysts at Royal Bank Of Canada from $21.00 to $20.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the apparel retailer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 20.77% from the company’s previous close.

AEO has been the subject of several other research reports. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, August 19th. Deutsche Bank AG raised American Eagle Outfitters from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $22.00 in a report on Monday, August 15th. Vetr raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating and set a $19.93 price objective for the company in a report on Wednesday. Jefferies Group reissued a “buy” rating on shares of American Eagle Outfitters in a report on Sunday, September 4th. Finally, BMO Capital Markets raised American Eagle Outfitters from a “market perform” rating to an “outperform” rating and raised their price target for the company from $18.00 to $21.00 in a report on Monday, October 10th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $19.61.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Shares of American Eagle Outfitters (NYSE:AEO) opened at 16.56 on Thursday. The firm has a 50-day moving average of $17.46 and a 200 day moving average of $17.15. American Eagle Outfitters has a one year low of $12.78 and a one year high of $19.55. 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 (NYSE:AEO) last released its quarterly earnings data on Wednesday, November 30th. The apparel retailer reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company earned $941 million during the quarter, compared to the consensus estimate of $940.94 million. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. Equities research analysts anticipate that American Eagle Outfitters will post $1.31 EPS for the current year.

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

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of American Eagle Outfitters by 56.3% in the first quarter. Wellington Management Group LLP now owns 499,148 shares of the apparel retailer’s stock worth $8,321,000 after buying an additional 179,810 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of American Eagle Outfitters by 389.0% in the second quarter. BNP Paribas Arbitrage SA now owns 185,162 shares of the apparel retailer’s stock worth $2,950,000 after buying an additional 147,296 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of 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. Dalton Greiner Hartman Maher & Co. raised its stake in shares of American Eagle Outfitters by 1,169.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 892,529 shares of the apparel retailer’s stock worth $14,218,000 after buying an additional 822,222 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of American Eagle Outfitters by 0.6% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 767,128 shares of the apparel retailer’s stock worth $12,220,000 after buying an additional 4,553 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other 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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