American Eagle Outfitters (NYSE:AEO) – Investment analysts at Wedbush lifted their FY2021 earnings estimates for shares of American Eagle Outfitters in a research note issued on Wednesday, September 9th. Wedbush analyst J. Redding now forecasts that the apparel retailer will earn ($0.18) per share for the year, up from their previous estimate of ($0.23).

A number of other analysts also recently issued reports on AEO. Royal Bank of Canada increased their price target on shares of American Eagle Outfitters from $8.00 to $14.00 and gave the stock a “sector perform” rating in a report on Friday, June 5th. B. Riley increased their price target on shares of American Eagle Outfitters from $15.00 to $16.00 in a report on Thursday, September 10th. Morgan Stanley increased their price target on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Citigroup increased their price objective on shares of American Eagle Outfitters from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Deutsche Bank increased their price objective on shares of American Eagle Outfitters from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.67.

Shares of NYSE AEO opened at $14.50 on Monday. The company’s fifty day moving average price is $11.73 and its 200 day moving average price is $10.29. American Eagle Outfitters has a 1 year low of $6.53 and a 1 year high of $17.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.88 and a quick ratio of 1.38.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.14. American Eagle Outfitters had a negative net margin of 4.86% and a negative return on equity of 0.22%. The firm had revenue of $883.50 million for the quarter, compared to the consensus estimate of $837.24 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year.

Several large investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new position in shares of American Eagle Outfitters in the second quarter worth about $1,186,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of American Eagle Outfitters by 21.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 90,600 shares of the apparel retailer’s stock worth $988,000 after buying an additional 15,900 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of American Eagle Outfitters by 10.2% in the second quarter. PNC Financial Services Group Inc. now owns 27,634 shares of the apparel retailer’s stock worth $301,000 after buying an additional 2,561 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of American Eagle Outfitters in the second quarter worth about $672,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of American Eagle Outfitters in the second quarter worth about $304,000.

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. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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

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