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

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $18.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 40.57% from the stock’s current price.

Several other analysts have also recently commented on the company. Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $19.00 to $17.00 in a report on Wednesday, February 5th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Bank of America decreased their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays restated an “equal weight” rating and set a $17.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Trading Up 4.0 %

Shares of AEO stock opened at $12.81 on Thursday. American Eagle Outfitters has a twelve month low of $11.65 and a twelve month high of $26.25. The business’s 50 day moving average is $15.38 and its two-hundred day moving average is $18.07. The company has a market capitalization of $2.46 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company posted $0.49 EPS. American Eagle Outfitters’s revenue was down .9% compared to the same quarter last year. As a group, equities analysts predict that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in American Eagle Outfitters in the 4th quarter worth about $4,891,000. Brucke Financial Inc. purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth about $256,000. ABLE Financial Group LLC boosted its position in shares of American Eagle Outfitters by 7.0% in the fourth quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer’s stock worth $404,000 after acquiring an additional 1,587 shares during the last quarter. Mackenzie Financial Corp grew its holdings in American Eagle Outfitters by 46.8% in the fourth quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer’s stock valued at $278,000 after purchasing an additional 5,323 shares during the period. Finally, CTC Alternative Strategies Ltd. acquired a new position in American Eagle Outfitters during the fourth quarter worth approximately $175,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.