American Eagle Outfitters, Inc. (AEO) Downgraded by ValuEngine
ValuEngine lowered shares of American Eagle Outfitters, Inc. (NYSE:AEO) from a buy rating to a hold rating in a research report report published on Friday.
AEO has been the subject of several other research reports. Royal Bank Of Canada reiterated a buy rating and issued a $17.00 price objective on shares of American Eagle Outfitters in a research note on Friday, May 12th. Deutsche Bank AG cut shares of American Eagle Outfitters from a buy rating to a hold rating in a research note on Wednesday, May 17th. Jefferies Group LLC set a $19.00 price objective on shares of American Eagle Outfitters and gave the stock a buy rating in a research note on Wednesday, May 10th. FBR & Co dropped their price objective on shares of American Eagle Outfitters from $15.00 to $13.00 and set an outperform rating for the company in a research note on Thursday, May 18th. Finally, BidaskClub cut shares of American Eagle Outfitters from a hold rating to a sell rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $14.75.
Shares of American Eagle Outfitters (NYSE AEO) opened at 12.29 on Friday. The company has a market cap of $2.18 billion, a PE ratio of 12.62 and a beta of 1.07. The company has a 50-day moving average of $11.77 and a 200-day moving average of $12.79. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.02.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The business had revenue of $845 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that American Eagle Outfitters will post $1.13 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Parkwood LLC grew its holdings in American Eagle Outfitters by 26.6% during the 1st quarter. Parkwood LLC now owns 17,737 shares of the apparel retailer’s stock worth $249,000 after acquiring an additional 3,727 shares during the last quarter. Soros Fund Management LLC bought a new stake in American Eagle Outfitters during the 1st quarter worth approximately $556,000. HighTower Advisors LLC grew its holdings in American Eagle Outfitters by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 14,893 shares of the apparel retailer’s stock worth $210,000 after acquiring an additional 290 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in American Eagle Outfitters by 85.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock worth $432,000 after acquiring an additional 14,230 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in American Eagle Outfitters by 1.0% during the 1st quarter. Nationwide Fund Advisors now owns 393,026 shares of the apparel retailer’s stock worth $5,514,000 after acquiring an additional 3,841 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.
American Eagle Outfitters Company Profile
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.
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