American Eagle Outfitters (NYSE:AEO) Price Target Increased to $13.00 by Analysts at JPMorgan Chase & Co.

American Eagle Outfitters (NYSE:AEOGet Rating) had its price target raised by JPMorgan Chase & Co. from $12.00 to $13.00 in a research note published on Friday, The Fly reports.

Several other research firms have also commented on AEO. UBS Group reduced their price target on American Eagle Outfitters to $16.00 in a report on Tuesday, August 30th. BMO Capital Markets reduced their price target on American Eagle Outfitters from $23.00 to $15.00 in a report on Friday, May 27th. Barclays lifted their price target on American Eagle Outfitters from $10.00 to $11.00 and gave the stock an equal weight rating in a report on Friday, September 9th. Cowen cut their price objective on American Eagle Outfitters from $13.00 to $11.00 and set a market perform rating for the company in a research report on Thursday, September 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on American Eagle Outfitters from $30.00 to $15.00 in a research report on Friday, May 27th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $13.77.

American Eagle Outfitters Trading Up 1.7 %

Shares of AEO stock opened at $10.95 on Friday. The stock’s fifty day moving average is $11.88 and its two-hundred day moving average is $13.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.68 and a current ratio of 1.64. The firm has a market capitalization of $2.05 billion, a P/E ratio of 12.03, a PEG ratio of 1.27 and a beta of 1.30. American Eagle Outfitters has a fifty-two week low of $9.94 and a fifty-two week high of $29.19.

American Eagle Outfitters (NYSE:AEOGet Rating) last announced its quarterly earnings data on Wednesday, September 7th. The apparel retailer reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). American Eagle Outfitters had a net margin of 3.81% and a return on equity of 19.05%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts expect that American Eagle Outfitters will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors have recently bought and sold shares of the company. Cornerstone Advisory LLC purchased a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. boosted its stake in shares of American Eagle Outfitters by 73.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 620 shares during the period. Elequin Capital LP purchased a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $37,000. Canada Pension Plan Investment Board purchased a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $37,000. Finally, Covestor Ltd purchased a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $46,000.

About American Eagle Outfitters

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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 provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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