Investors Buy American Eagle Outfitters Inc. (AEO) on Weakness
Traders bought shares of American Eagle Outfitters Inc. (NYSE:AEO) on weakness during trading hours on Thursday. $34.67 million flowed into the stock on the tick-up and $10.46 million flowed out of the stock on the tick-down, for a money net flow of $24.21 million into the stock. Of all equities tracked, American Eagle Outfitters had the 5th highest net in-flow for the day. American Eagle Outfitters traded down ($0.27) for the day and closed at $18.57
AEO has been the subject of several recent research reports. Wunderlich raised American Eagle Outfitters from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $22.00 in a research report on Thursday, August 11th. FBR & Co upgraded American Eagle Outfitters from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $17.00 to $19.00 in a report on Thursday. Vetr upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating and set a $15.50 target price on the stock in a report on Wednesday, May 18th. B. Riley reiterated a “buy” rating and set a $22.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 18th. Finally, Telsey Advisory Group upped their target price on American Eagle Outfitters from $18.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.17.
The stock has a 50-day moving average of $17.90 and a 200 day moving average of $16.01. The company has a market capitalization of $3.39 billion and a price-to-earnings ratio of 14.84.
American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $823 million for the quarter, compared to the consensus estimate of $818.10 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. On average, equities research analysts anticipate that American Eagle Outfitters Inc. will post $1.31 earnings per share for the current year.
In other American Eagle Outfitters news, COO Michael R. Rempell sold 83,141 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the sale, the chief operating officer now owns 196,868 shares of the company’s stock, valued at approximately $3,677,494.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in American Eagle Outfitters stock. Jennison Associates LLC boosted its stake in American Eagle Outfitters Inc. (NYSE:AEO) by 186.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 70,375 shares of the apparel retailer’s stock after buying an additional 45,786 shares during the period. Jennison Associates LLC’s holdings in American Eagle Outfitters were worth $1,091,000 at the end of the most recent reporting period.
American Eagle Outfitters, Inc is an apparel and accessories retailer. The Company offers clothing, accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories.
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