American Eagle Outfitters (NYSE:AEO) PT Raised to $32.00

American Eagle Outfitters (NYSE:AEO) had its price target boosted by research analysts at Barclays from $30.00 to $32.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s target price would suggest a potential upside of 27.85% from the company’s previous close.

AEO has been the subject of several other reports. Citigroup increased their price objective on American Eagle Outfitters from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Tuesday, April 9th. Bank of America lifted their target price on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. UBS Group boosted their price objective on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.18.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded up $0.64 during midday trading on Monday, hitting $25.03. 1,206,651 shares of the company’s stock were exchanged, compared to its average volume of 4,501,536. The firm’s fifty day simple moving average is $23.70 and its 200-day simple moving average is $21.10. The company has a market cap of $4.93 billion, a PE ratio of 29.10, a P/E/G ratio of 1.14 and a beta of 1.59. American Eagle Outfitters has a twelve month low of $9.95 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters will post 1.71 EPS for the current fiscal year.

American Eagle Outfitters announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that permits the company to buyback 30,000,000 shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other American Eagle Outfitters news, CAO James H. Keefer, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $25.82, for a total transaction of $180,740.00. Following the completion of the sale, the chief accounting officer now directly owns 17,266 shares in the company, valued at approximately $445,808.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. Insiders sold 72,319 shares of company stock valued at $1,732,938 in the last quarter. Company insiders own 7.50% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in AEO. Parallel Advisors LLC lifted its holdings in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of American Eagle Outfitters during the first quarter valued at approximately $27,000. Hexagon Capital Partners LLC raised its position in shares of American Eagle Outfitters by 6,980.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 1,396 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of American Eagle Outfitters during the third quarter valued at approximately $38,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.