Telsey Advisory Group Reiterates “Market Perform” Rating for American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $28.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 13.95% from the company’s current price.

Several other research firms also recently commented on AEO. TD Cowen reissued a “hold” rating on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on American Eagle Outfitters in a report on Thursday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. UBS Group increased their price objective on American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $20.00 in a research report on Wednesday, December 3rd. Finally, Citigroup increased their price target on American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $22.45.

American Eagle Outfitters Trading Down 1.4%

NYSE AEO opened at $24.57 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. American Eagle Outfitters has a 52 week low of $9.27 and a 52 week high of $28.46. The business has a 50 day moving average price of $25.26 and a 200-day moving average price of $20.37. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 6.52 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.American Eagle Outfitters’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. As a group, equities analysts expect that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of American Eagle Outfitters stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The disclosure for this sale is available in the SEC filing. Insiders have sold 246,839 shares of company stock worth $6,004,388 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new position in American Eagle Outfitters during the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of American Eagle Outfitters during the 4th quarter valued at $32,000. Strategic Investment Solutions Inc. IL grew its stake in shares of American Eagle Outfitters by 50.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 500 shares during the period. Farther Finance Advisors LLC grew its stake in shares of American Eagle Outfitters by 177.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 1,134 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in American Eagle Outfitters by 31.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after acquiring an additional 447 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.