American Eagle Outfitters (NYSE:AEO) Hits New 12-Month High Following Better-Than-Expected Earnings

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $17.53 and last traded at $17.14, with a volume of 1008029 shares. The stock had previously closed at $17.20.

The apparel retailer reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. American Eagle Outfitters had a return on equity of 12.89% and a net margin of 2.23%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AEO shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Eagle Outfitters from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $14.00 to $10.00 in a report on Thursday, May 25th. UBS Group boosted their target price on American Eagle Outfitters from $18.00 to $22.00 in a report on Friday, September 1st. Bank of America upped their target price on American Eagle Outfitters from $10.50 to $12.50 in a research report on Thursday. Finally, Telsey Advisory Group lifted their price target on American Eagle Outfitters from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $15.88.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in shares of American Eagle Outfitters during the first quarter worth $5,481,000. Qsemble Capital Management LP purchased a new stake in American Eagle Outfitters during the first quarter valued at about $300,000. American Century Companies Inc. lifted its stake in American Eagle Outfitters by 8.7% during the first quarter. American Century Companies Inc. now owns 938,970 shares of the apparel retailer’s stock valued at $12,366,000 after buying an additional 74,944 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of American Eagle Outfitters in the fourth quarter worth about $29,000. Finally, Keeley Teton Advisors LLC increased its position in shares of American Eagle Outfitters by 9.6% in the first quarter. Keeley Teton Advisors LLC now owns 64,950 shares of the apparel retailer’s stock worth $873,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.

American Eagle Outfitters Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 0.70. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52. The stock’s fifty day moving average price is $14.54 and its 200-day moving average price is $13.44.

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 in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.