American Eagle Outfitters, Inc. (NYSE:AEO) was upgraded by stock analysts at FBR & Co from a “neutral” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

AEO has been the subject of several other reports. B. Riley cut shares of American Eagle Outfitters from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $15.00 in a research report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $14.00 target price (down from $17.00) on shares of American Eagle Outfitters in a research report on Thursday, May 18th. Jefferies Group LLC set a $19.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Deutsche Bank AG cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, BidaskClub cut shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $15.40.

American Eagle Outfitters (NYSE:AEO) opened at 10.96 on Tuesday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 10.14 and a beta of 1.09. The stock’s 50 day moving average is $11.74 and its 200 day moving average is $13.09. American Eagle Outfitters has a one year low of $10.56 and a one year high of $19.22.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The company had revenue of $761.80 million during the quarter, compared to analysts’ expectations of $741.76 million. During the same period in the prior year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that American Eagle Outfitters will post $1.09 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/15/american-eagle-outfitters-inc-nyseaeo-upgraded-to-buy-at-fbr-co.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Glen Harbor Capital Management LLC boosted its position in American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock worth $109,000 after buying an additional 2,877 shares during the last quarter. Elkfork Partners LLC boosted its position in American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares during the last quarter. Ronald Blue & Co. LLC boosted its position in American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after buying an additional 311 shares during the last quarter. Finally, FNY Managed Accounts LLC bought a new position in American Eagle Outfitters during the first quarter worth approximately $147,000. Institutional investors and hedge funds own 89.03% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

The Fly

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters Inc. and related companies with MarketBeat.com's FREE daily email newsletter.