American Eagle Outfitters (NYSE:AEO) Issues Quarterly Earnings Results

American Eagle Outfitters (NYSE:AEOGet Rating) announced its quarterly earnings data on Tuesday. The apparel retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19, Briefing.com reports. American Eagle Outfitters had a net margin of 2.42% and a return on equity of 13.56%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis.

American Eagle Outfitters Stock Up 2.9 %

NYSE:AEO traded up $0.44 on Thursday, hitting $15.80. The stock had a trading volume of 9,499,486 shares, compared to its average volume of 5,911,819. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.68 and a current ratio of 1.86. The stock has a market cap of $2.96 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. American Eagle Outfitters has a 1 year low of $9.46 and a 1 year high of $28.62. The firm’s fifty day simple moving average is $11.09 and its two-hundred day simple moving average is $11.84.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cowen boosted their price objective on shares of American Eagle Outfitters to $15.00 in a research report on Thursday. Cowen lowered their price objective on shares of American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, September 8th. Telsey Advisory Group boosted their target price on shares of American Eagle Outfitters from $13.00 to $17.00 and gave the stock a “market perform” rating in a research note on Wednesday. Barclays boosted their target price on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Eagle Outfitters from $12.00 to $13.00 in a research note on Friday, September 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.31.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky purchased a new stake in American Eagle Outfitters in the 3rd quarter valued at about $348,000. State Street Corp grew its position in shares of American Eagle Outfitters by 9.5% during the 3rd quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock valued at $55,829,000 after acquiring an additional 499,560 shares during the period. Thrivent Financial for Lutherans grew its position in shares of American Eagle Outfitters by 303.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 162,855 shares of the apparel retailer’s stock valued at $1,585,000 after acquiring an additional 122,444 shares during the period. Vanguard Group Inc. grew its position in shares of American Eagle Outfitters by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock valued at $170,967,000 after acquiring an additional 2,369,726 shares during the period. Finally, Prelude Capital Management LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at approximately $193,000.

About American Eagle Outfitters

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

See Also

Earnings History for American Eagle Outfitters (NYSE:AEO)

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