American Eagle Outfitters, Inc. (NYSE:AEO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, July 4th.

A number of other research analysts have also recently commented on the company. Wolfe Research cut American Eagle Outfitters from a “peer perform” rating to an “underperform” rating in a report on Tuesday, May 9th. Jefferies Group LLC set a $19.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, May 10th. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price target on shares of American Eagle Outfitters in a research note on Friday, May 12th. Deutsche Bank AG restated a “buy” rating and set a $20.00 price target on shares of American Eagle Outfitters in a research note on Monday, April 24th. Finally, B. Riley cut American Eagle Outfitters from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $15.00 in a research note on Tuesday, April 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $15.73.

Shares of American Eagle Outfitters (NYSE:AEO) traded up 1.20% during midday trading on Tuesday, hitting $11.79. The stock had a trading volume of 2,717,642 shares. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.91 and a beta of 1.09. American Eagle Outfitters has a 52-week low of $10.56 and a 52-week high of $19.55. The firm’s 50 day moving average price is $11.69 and its 200 day moving average price is $13.30.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. American Eagle Outfitters had a net margin of 5.44% and a return on equity of 18.95%. The business had revenue of $761.80 million during the quarter, compared to analyst estimates of $741.76 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts expect that American Eagle Outfitters will post $1.09 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the company. Glen Harbor Capital Management LLC raised its position in shares of American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 2,877 shares during the last quarter. Ronald Blue & Co. LLC raised its position in shares of American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock valued at $126,000 after buying an additional 311 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 196 shares during the period. Finally, FNY Managed Accounts LLC acquired a new stake in shares of American Eagle Outfitters during the first quarter valued at $147,000. 89.88% of the stock is currently owned by institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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