Q3 2024 EPS Estimates for American Eagle Outfitters, Inc. Boosted by Analyst (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEOFree Report) – Equities research analysts at Telsey Advisory Group upped their Q3 2024 earnings estimates for shares of American Eagle Outfitters in a research note issued on Thursday, September 7th. Telsey Advisory Group analyst D. Telsey now expects that the apparel retailer will earn $0.46 per share for the quarter, up from their prior estimate of $0.38. Telsey Advisory Group has a “Market Perform” rating and a $19.00 price target on the stock. The consensus estimate for American Eagle Outfitters’ current full-year earnings is $1.05 per share. Telsey Advisory Group also issued estimates for American Eagle Outfitters’ Q4 2024 earnings at $0.41 EPS, Q3 2025 earnings at $0.50 EPS and Q4 2025 earnings at $0.44 EPS.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its quarterly earnings data on Wednesday, September 6th. The apparel retailer reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. American Eagle Outfitters had a return on equity of 15.19% and a net margin of 4.04%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS.

A number of other research firms also recently commented on AEO. BMO Capital Markets dropped their price objective on shares of American Eagle Outfitters from $14.00 to $10.00 in a research note on Thursday, May 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of American Eagle Outfitters from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley upped their price objective on American Eagle Outfitters from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday. UBS Group lifted their target price on American Eagle Outfitters from $18.00 to $22.00 in a report on Friday, September 1st. Finally, Barclays boosted their price target on American Eagle Outfitters from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $16.41.

Read Our Latest Research Report on AEO

American Eagle Outfitters Stock Down 4.7 %

AEO stock opened at $15.98 on Friday. The company has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $13.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.58. The stock has a market capitalization of $3.16 billion, a P/E ratio of 15.37, a PEG ratio of 1.70 and a beta of 1.52. American Eagle Outfitters has a one year low of $9.46 and a one year high of $17.53.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of American Eagle Outfitters by 4.3% during the 2nd quarter. BlackRock Inc. now owns 29,721,106 shares of the apparel retailer’s stock valued at $350,709,000 after acquiring an additional 1,212,617 shares in the last quarter. FMR LLC raised its holdings in shares of American Eagle Outfitters by 0.4% during the first quarter. FMR LLC now owns 28,228,744 shares of the apparel retailer’s stock worth $379,394,000 after purchasing an additional 117,903 shares during the period. Vanguard Group Inc. lifted its position in shares of American Eagle Outfitters by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after buying an additional 2,369,726 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of American Eagle Outfitters by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,541,553 shares of the apparel retailer’s stock valued at $124,392,000 after buying an additional 1,310,470 shares during the period. Finally, State Street Corp grew its position in shares of American Eagle Outfitters by 7.2% during the 2nd quarter. State Street Corp now owns 7,243,454 shares of the apparel retailer’s stock valued at $85,473,000 after buying an additional 488,571 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.

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 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.

See Also

Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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