American Eagle Outfitters (NYSE:AEO) was downgraded by Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.
AEO has been the subject of several other research reports. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, February 12th. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Jefferies Financial Group set a $28.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada downgraded shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating in a research report on Thursday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $24.62.
NYSE AEO opened at $22.92 on Thursday. American Eagle Outfitters has a 52 week low of $17.00 and a 52 week high of $29.88. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.12 and a beta of 0.80.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.86%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.
In related news, EVP Andrew J. Mclean sold 15,196 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $315,317.00. Following the completion of the sale, the executive vice president now owns 30,180 shares in the company, valued at approximately $626,235. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Charles F. Kessler sold 3,573 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $23.00, for a total transaction of $82,179.00. Following the completion of the sale, the insider now owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The disclosure for this sale can be found here. Insiders have sold a total of 135,820 shares of company stock valued at $3,151,706 in the last 90 days. Insiders own 6.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Private Ocean LLC purchased a new stake in American Eagle Outfitters in the 1st quarter valued at $27,000. Mckinley Capital Management LLC Delaware purchased a new stake in American Eagle Outfitters in the 4th quarter valued at $35,000. FNY Investment Advisers LLC purchased a new stake in American Eagle Outfitters in the 1st quarter valued at $66,000. Acadian Asset Management LLC raised its position in American Eagle Outfitters by 131.5% in the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in American Eagle Outfitters by 122.9% in the 1st quarter. Quadrant Capital Group LLC now owns 4,112 shares of the apparel retailer’s stock valued at $86,000 after purchasing an additional 2,267 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle 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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