American Eagle Outfitters (NYSE:AEO) PT Raised to $19.00 at Citigroup

American Eagle Outfitters (NYSE:AEO) had its target price boosted by analysts at Citigroup from $18.00 to $19.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s target price suggests a potential downside of 0.91% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Bank of America upgraded shares of American Eagle Outfitters from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $12.50 to $19.00 in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of American Eagle Outfitters from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 target price on shares of American Eagle Outfitters in a report on Tuesday. Finally, UBS Group lifted their target price on shares of American Eagle Outfitters from $18.00 to $22.00 in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.09.

American Eagle Outfitters Stock Down 2.1 %

AEO opened at $19.18 on Wednesday. The firm has a market cap of $3.79 billion, a PE ratio of 18.44, a P/E/G ratio of 0.87 and a beta of 1.50. The business has a fifty day simple moving average of $16.93 and a 200-day simple moving average of $14.58. American Eagle Outfitters has a fifty-two week low of $9.95 and a fifty-two week high of $19.89.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, September 6th. The apparel retailer reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. American Eagle Outfitters had a return on equity of 14.92% and a net margin of 4.04%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. On average, equities research analysts anticipate that American Eagle Outfitters will post 1.32 EPS for the current fiscal year.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters stock in a transaction on Friday, October 13th. The shares were sold at an average price of $17.00, for a total value of $510,000.00. Following the completion of the sale, the insider now directly owns 232,459 shares of the company’s stock, valued at $3,951,803. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at approximately $27,000. Financial Management Professionals Inc. purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at $31,000. Canada Pension Plan Investment Board purchased a new stake in American Eagle Outfitters during the 1st quarter valued at $37,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Eagle Outfitters in the 3rd quarter worth about $38,000. Finally, Quarry LP purchased a new stake in shares of American Eagle Outfitters in the 1st quarter worth about $38,000. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

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.