American Eagle Outfitters (NYSE:AEO) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

American Eagle Outfitters (NYSE:AEO) had its price target upped by stock analysts at Jefferies Financial Group from $11.00 to $17.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the apparel retailer’s stock. Jefferies Financial Group’s target price indicates a potential downside of 9.72% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. UBS Group upped their target price on American Eagle Outfitters from $19.00 to $21.50 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $9.00 price target on shares of American Eagle Outfitters in a report on Monday, July 28th. Cfra Research downgraded shares of American Eagle Outfitters from a “moderate buy” rating to a “hold” rating in a research note on Friday, June 6th. Barclays upped their target price on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Citigroup boosted their price target on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $13.94.

American Eagle Outfitters Trading Up 0.2%

Shares of AEO stock opened at $18.83 on Thursday. The stock has a fifty day simple moving average of $11.86 and a two-hundred day simple moving average of $11.46. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $22.63. The firm has a market capitalization of $3.26 billion, a PE ratio of 18.11 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.43%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in American Eagle Outfitters by 220.5% in the 2nd quarter. Osaic Holdings Inc. now owns 13,931 shares of the apparel retailer’s stock valued at $134,000 after buying an additional 9,584 shares during the last quarter. PVG Asset Management Corp bought a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $121,000. Orion Porfolio Solutions LLC increased its stake in shares of American Eagle Outfitters by 21.7% in the second quarter. Orion Porfolio Solutions LLC now owns 77,340 shares of the apparel retailer’s stock valued at $744,000 after buying an additional 13,771 shares during the period. Caxton Associates LLP increased its stake in shares of American Eagle Outfitters by 212.2% in the second quarter. Caxton Associates LLP now owns 230,312 shares of the apparel retailer’s stock valued at $2,216,000 after buying an additional 156,544 shares during the period. Finally, FORA Capital LLC increased its position in shares of American Eagle Outfitters by 377.4% during the second quarter. FORA Capital LLC now owns 151,213 shares of the apparel retailer’s stock worth $1,455,000 after buying an additional 119,540 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.