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

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

American Eagle Outfitters Stock Up 2.9 %

Shares of NYSE AEO traded up $0.44 during mid-day trading on Thursday, reaching $15.80. The company had a trading volume of 9,499,486 shares, compared to its average volume of 5,911,819. American Eagle Outfitters has a twelve month low of $9.46 and a twelve month high of $28.62. 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 capitalization of $2.96 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The stock’s 50 day moving average is $11.09 and its 200-day moving average is $11.84.

Analyst Ratings Changes

AEO has been the topic of several research reports. Citigroup upped their price target on American Eagle Outfitters from $10.00 to $17.00 in a report on Wednesday. Telsey Advisory Group boosted their target price on shares of American Eagle Outfitters from $13.00 to $17.00 and gave the company a “market perform” rating in a research note on Wednesday. Cowen cut their target price on shares of American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating on the stock in a research note on Thursday, September 8th. Barclays boosted their target price on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of American Eagle Outfitters from $10.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.00.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds have recently modified their holdings of AEO. Canada Pension Plan Investment Board acquired a new position in shares of American Eagle Outfitters in the first quarter worth $37,000. Ergoteles LLC acquired a new position in shares of American Eagle Outfitters in the first quarter worth $185,000. Prelude Capital Management LLC bought a new stake in American Eagle Outfitters in the third quarter worth $193,000. LPL Financial LLC boosted its holdings in American Eagle Outfitters by 4.7% in the second quarter. LPL Financial LLC now owns 24,782 shares of the apparel retailer’s stock worth $277,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Keeley Teton Advisors LLC bought a new stake in American Eagle Outfitters in the first quarter worth $295,000.

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.

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Earnings History for American Eagle Outfitters (NYSE:AEO)

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