BMO Capital Markets Issues Positive Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price objective upped by research analysts at BMO Capital Markets from $18.00 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ price target points to a potential upside of 15.90% from the company’s current price.

A number of other research analysts have also weighed in on the company. Telsey Advisory Group decreased their target price on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, September 10th. Bank of America reiterated an “underperform” rating and issued a $16.00 price objective on shares of American Eagle Outfitters in a report on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Barclays decreased their price target on shares of American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 10th. Finally, William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.55.

American Eagle Outfitters Trading Up 4.1%

American Eagle Outfitters stock opened at $17.26 on Tuesday. The stock has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $17.02. The stock has a market capitalization of $2.89 billion, a P/E ratio of 8.80, a PEG ratio of 3.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59. American Eagle Outfitters has a 52 week low of $14.06 and a 52 week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post 2.24 earnings per share for the current year.

Insider Buying and Selling

In other American Eagle Outfitters news, Director David Sable sold 5,779 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the transaction, the director directly owned 53,481 shares in the company, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,563 shares of company stock worth $196,599 in the last 90 days. Insiders own 8.95% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nykredit A S bought a new stake in American Eagle Outfitters during the 2nd quarter valued at $33,253,000. Parkside Financial Bank & Trust boosted its position in shares of American Eagle Outfitters by 772.7% during the second quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer’s stock valued at $69,000 after buying an additional 3,539 shares during the last quarter. Corient Private Wealth LP purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at about $2,820,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of American Eagle Outfitters during the second quarter valued at about $303,000. Finally, Legacy Financial Advisors Inc. purchased a new position in American Eagle Outfitters during the second quarter worth about $347,000. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company’s principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.