American Eagle Outfitters, Inc. (AEO) Receives Neutral Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their neutral rating on shares of American Eagle Outfitters, Inc. (NYSE:AEO) in a report released on Thursday. J P Morgan Chase & Co currently has a $13.00 price target on the apparel retailer’s stock, up from their prior price target of $12.00.
AEO has been the subject of a number of other reports. BMO Capital Markets set a $15.00 target price on American Eagle Outfitters and gave the company a buy rating in a research note on Tuesday, August 8th. Wolfe Research lowered American Eagle Outfitters from a peer perform rating to an underperform rating in a research note on Tuesday, May 9th. BidaskClub lowered American Eagle Outfitters from a sell rating to a strong sell rating in a research note on Tuesday, August 22nd. SunTrust Banks, Inc. restated a buy rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. Finally, Deutsche Bank AG lowered American Eagle Outfitters from a buy rating to a hold rating in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of Hold and a consensus price target of $14.75.
American Eagle Outfitters (AEO) opened at 12.73 on Thursday. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.02. The firm’s 50-day moving average is $11.65 and its 200 day moving average is $12.89. The stock has a market capitalization of $2.25 billion, a P/E ratio of 13.07 and a beta of 1.09.
American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The company had revenue of $845 million during the quarter, compared to analyst estimates of $823.84 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that American Eagle Outfitters will post $1.13 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in American Eagle Outfitters by 8,781.1% in the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after buying an additional 17,572,904 shares during the period. RidgeWorth Capital Management LLC acquired a new position in American Eagle Outfitters during the first quarter valued at $29,610,000. Dimensional Fund Advisors LP boosted its position in American Eagle Outfitters by 30.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock valued at $87,008,000 after buying an additional 1,687,520 shares during the period. Hamlin Capital Management LLC boosted its position in American Eagle Outfitters by 34.0% in the second quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock valued at $69,137,000 after buying an additional 1,456,748 shares during the period. Finally, Schroder Investment Management Group acquired a new position in American Eagle Outfitters during the first quarter valued at $16,019,000. Institutional investors and hedge funds own 89.03% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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