American Eagle Outfitters (NYSE:AEO) Stock Rating Reaffirmed by Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reissued by Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They currently have a $25.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 19.16% from the company’s previous close.

AEO has been the topic of a number of other reports. Morgan Stanley lowered their price objective on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday, May 30th. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

American Eagle Outfitters Price Performance

AEO stock traded down $0.72 on Thursday, reaching $20.98. 6,962,633 shares of the company traded hands, compared to its average volume of 4,618,221. The firm has a fifty day simple moving average of $20.80 and a 200-day simple moving average of $22.42. American Eagle Outfitters has a one year low of $14.39 and a one year high of $26.44. The company has a market cap of $4.12 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. On average, sell-side analysts forecast that American Eagle Outfitters will post 1.75 EPS for the current year.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

A number of large investors have recently made changes to their positions in AEO. Vanguard Group Inc. boosted its stake in shares of American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after acquiring an additional 310,808 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Eagle Outfitters by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock worth $232,846,000 after purchasing an additional 284,965 shares during the last quarter. American Century Companies Inc. grew its position in shares of American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after buying an additional 684,420 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

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.