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

American Eagle Outfitters (NYSE:AEO) had its target price hoisted by stock analysts at Barclays from $30.00 to $32.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective would suggest a potential upside of 31.90% from the company’s previous close.

AEO has been the topic of a number of other reports. Telsey Advisory Group increased their price objective on American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, March 8th. UBS Group increased their price objective on American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, February 26th. JPMorgan Chase & Co. raised American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Tuesday, April 9th. Citigroup increased their price objective on American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. One research 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’s stock. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $22.18.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $24.26 on Monday. The stock has a 50-day moving average of $23.75 and a two-hundred day moving average of $21.16. American Eagle Outfitters has a one year low of $9.95 and a one year high of $26.44. The stock has a market cap of $4.78 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results 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 company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that American Eagle Outfitters will post 1.71 EPS for the current fiscal year.

American Eagle Outfitters declared that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the apparel retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $21.00, for a total transaction of $420,000.00. Following the transaction, the insider now owns 232,459 shares in the company, valued at $4,881,639. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $21.00, for a total value of $420,000.00. Following the completion of the transaction, the insider now owns 232,459 shares in the company, valued at approximately $4,881,639. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,319 shares of company stock worth $1,732,938. 7.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of American Eagle Outfitters by 0.3% in the third quarter. Vanguard Group Inc. now owns 20,453,599 shares of the apparel retailer’s stock valued at $339,734,000 after acquiring an additional 60,418 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Eagle Outfitters by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock valued at $232,846,000 after acquiring an additional 284,965 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of American Eagle Outfitters by 37.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock valued at $128,927,000 after acquiring an additional 1,663,569 shares in the last quarter. Bank of New York Mellon Corp lifted its position in American Eagle Outfitters by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 3,085,016 shares of the apparel retailer’s stock worth $51,242,000 after buying an additional 155,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in American Eagle Outfitters by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,886,613 shares of the apparel retailer’s stock worth $61,081,000 after buying an additional 44,375 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.