Barclays Increases American Eagle Outfitters (NYSE:AEO) Price Target to $22.00

American Eagle Outfitters (NYSE:AEO) had its price target upped by equities research analysts at Barclays from $19.00 to $22.00 in a research note issued on Thursday, Marketbeat reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective suggests a potential upside of 37.67% from the stock’s previous close.

AEO has been the subject of a number of other reports. StockNews.com initiated coverage on shares of American Eagle Outfitters in a research note on Thursday, August 17th. They set a “hold” rating for the company. Bank of America reduced their price target on shares of American Eagle Outfitters from $14.00 to $9.00 in a research note on Thursday, May 25th. UBS Group lifted their price target on shares of American Eagle Outfitters from $18.00 to $22.00 in a research note on Friday, September 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a research note on Thursday, May 25th. Finally, BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $14.00 to $10.00 in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.41.

American Eagle Outfitters Trading Down 4.7 %

NYSE:AEO opened at $15.98 on Thursday. The company has a 50-day moving average price of $14.62 and a 200-day moving average price of $13.44. American Eagle Outfitters has a 12 month low of $9.46 and a 12 month high of $17.53. The company has a current ratio of 1.58, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.70 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 6th. The apparel retailer reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. American Eagle Outfitters had a net margin of 4.04% and a return on equity of 15.19%. American Eagle Outfitters’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. Equities analysts predict that American Eagle Outfitters will post 1.05 EPS for the current year.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently modified their holdings of the stock. Barclays PLC increased its position in American Eagle Outfitters by 1,990.1% in the second quarter. Barclays PLC now owns 3,321,911 shares of the apparel retailer’s stock worth $39,201,000 after purchasing an additional 3,162,976 shares during the last quarter. Balyasny Asset Management L.P. increased its position in American Eagle Outfitters by 119,073.0% in the first quarter. Balyasny Asset Management L.P. now owns 2,752,896 shares of the apparel retailer’s stock worth $36,999,000 after purchasing an additional 2,750,586 shares during the last quarter. Vanguard Group Inc. increased its position in American Eagle Outfitters by 15.6% in the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after purchasing an additional 2,369,726 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Eagle Outfitters by 26.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,231,083 shares of the apparel retailer’s stock worth $124,063,000 after purchasing an additional 1,913,492 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in American Eagle Outfitters by 135.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,981,091 shares of the apparel retailer’s stock worth $50,083,000 after purchasing an additional 1,713,420 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

About American Eagle Outfitters

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.