SunTrust Banks Reiterates Buy Rating for American Eagle Outfitters (AEO)

American Eagle Outfitters (NYSE:AEO)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks in a research report issued on Tuesday. They currently have a $21.00 price objective on the apparel retailer’s stock. SunTrust Banks’ price target points to a potential upside of 19.93% from the company’s current price. SunTrust Banks also issued estimates for American Eagle Outfitters’ FY2019 earnings at $1.31 EPS.

Several other brokerages have also issued reports on AEO. Telsey Advisory Group lifted their price target on American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. BMO Capital Markets set a $21.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Tuesday, December 19th. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Cowen reaffirmed an “outperform” rating and set a $19.00 price target (up previously from $16.00) on shares of American Eagle Outfitters in a research note on Thursday, December 7th. Finally, B. Riley lifted their price target on American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $15.86.

American Eagle Outfitters (AEO) traded up $0.13 during trading hours on Tuesday, reaching $17.51. The company had a trading volume of 6,268,300 shares, compared to its average volume of 6,301,429. The company has a market capitalization of $3,160.00, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.48.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts anticipate that American Eagle Outfitters will post 1.15 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEO. Schwab Charles Investment Management Inc. increased its holdings in shares of American Eagle Outfitters by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,123,611 shares of the apparel retailer’s stock worth $13,540,000 after buying an additional 5,097 shares during the period. Legal & General Group Plc increased its holdings in shares of American Eagle Outfitters by 5.7% in the second quarter. Legal & General Group Plc now owns 269,922 shares of the apparel retailer’s stock worth $3,249,000 after buying an additional 14,515 shares during the period. Victory Capital Management Inc. increased its holdings in shares of American Eagle Outfitters by 8.1% in the second quarter. Victory Capital Management Inc. now owns 33,805 shares of the apparel retailer’s stock worth $407,000 after buying an additional 2,525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of American Eagle Outfitters by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after buying an additional 729 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of American Eagle Outfitters by 1.0% in the second quarter. Principal Financial Group Inc. now owns 704,526 shares of the apparel retailer’s stock worth $8,489,000 after buying an additional 6,921 shares during the period. Hedge funds and other institutional investors own 83.20% of the company’s stock.

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American Eagle Outfitters Company Profile

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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