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

American Eagle Outfitters (NYSE:AEO) had its target price raised by investment analysts at Barclays from $30.00 to $32.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective would indicate a potential upside of 31.90% from the stock’s current price.

Several other equities analysts have also recently commented on AEO. Telsey Advisory Group boosted their target price on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, March 8th. Bank of America boosted their target price on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Tuesday, April 9th. Finally, Citigroup upped their price objective on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. One 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.18.

American Eagle Outfitters Stock Down 2.3 %

NYSE AEO opened at $24.26 on Monday. The company has a market capitalization of $4.78 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.14 and a beta of 1.59. American Eagle Outfitters has a 12-month low of $9.95 and a 12-month high of $26.44. The firm has a 50-day moving average price of $23.75 and a two-hundred day moving average price of $21.16.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. Equities analysts expect that American Eagle Outfitters will post 1.71 EPS for the current year.

American Eagle Outfitters announced that its board has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Jennifer M. Foyle sold 26,440 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total value of $652,010.40. Following the sale, the insider now directly owns 226,497 shares of the company’s stock, valued at approximately $5,585,416.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Jennifer M. Foyle sold 26,440 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total value of $652,010.40. Following the sale, the insider now directly owns 226,497 shares of the company’s stock, valued at approximately $5,585,416.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,319 shares of company stock valued at $1,732,938. 7.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake 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 buying an additional 60,418 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 284,965 shares in the last quarter. Pacer Advisors Inc. lifted its stake 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 buying an additional 1,663,569 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of American Eagle Outfitters by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 3,085,016 shares of the apparel retailer’s stock valued at $51,242,000 after buying an additional 155,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,886,613 shares of the apparel retailer’s stock valued at $61,081,000 after buying an additional 44,375 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

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.