American Eagle Outfitters (NYSE:AEO) had its target price hoisted by UBS Group from $33.00 to $34.00 in a research note released on Thursday morning, www.benzinga.com reports. The brokerage currently has a buy rating on the apparel retailer’s stock.

Several other research analysts have also recently commented on AEO. Zacks Investment Research cut shares of American Eagle Outfitters from a buy rating to a hold rating in a report on Friday, August 17th. Jefferies Financial Group reaffirmed a buy rating and set a $30.00 target price on shares of American Eagle Outfitters in a report on Thursday, June 21st. Wedbush cut shares of American Eagle Outfitters from an outperform rating to a neutral rating and set a $29.00 target price on the stock. in a report on Monday. They noted that the move was a valuation call. Telsey Advisory Group raised their target price on shares of American Eagle Outfitters from $24.00 to $26.00 and gave the stock an outperform rating in a report on Friday, June 1st. Finally, B. Riley raised their target price on shares of American Eagle Outfitters from $26.00 to $27.00 and gave the stock a buy rating in a report on Monday, June 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. American Eagle Outfitters has an average rating of Buy and an average target price of $24.44.

American Eagle Outfitters stock traded up $0.85 during trading hours on Thursday, hitting $25.41. The company had a trading volume of 137,434 shares, compared to its average volume of 3,608,758. The stock has a market cap of $4.82 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.26 and a beta of 1.01. American Eagle Outfitters has a one year low of $11.94 and a one year high of $29.88.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. American Eagle Outfitters had a net margin of 5.67% and a return on equity of 18.65%. The company had revenue of $964.85 million for the quarter, compared to analysts’ expectations of $937.98 million. During the same period last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. equities analysts forecast that American Eagle Outfitters will post 1.51 EPS for the current year.

In related news, Chairman Jay L. Schottenstein sold 1,950,000 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $24.13, for a total value of $47,053,500.00. Following the transaction, the chairman now directly owns 1,072,535 shares of the company’s stock, valued at $25,880,269.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles F. Kessler sold 10,000 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the transaction, the insider now directly owns 110,079 shares in the company, valued at $3,082,212. The disclosure for this sale can be found here. Insiders sold 3,297,348 shares of company stock worth $80,736,891 over the last three months. 6.30% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of AEO. MUFG Americas Holdings Corp boosted its position in American Eagle Outfitters by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock valued at $149,000 after buying an additional 3,193 shares in the last quarter. Cerebellum GP LLC boosted its position in American Eagle Outfitters by 42.7% in the second quarter. Cerebellum GP LLC now owns 7,442 shares of the apparel retailer’s stock valued at $173,000 after buying an additional 2,226 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in American Eagle Outfitters in the second quarter valued at approximately $201,000. Bridgewater Associates LP acquired a new stake in American Eagle Outfitters in the second quarter valued at approximately $202,000. Finally, Eqis Capital Management Inc. acquired a new stake in American Eagle Outfitters in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 88.35% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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