American Eagle Outfitters (NYSE:AEO) stock is now trading at about $17.98 and lots of rating firms seem to have a target price set on the stock. Nomura reiterated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.28.
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The share price of the company (NYSE:AEO) was up +0.62%, with a high of 18.22 during the day and the volume of American Eagle Outfitters, Inc. shares traded was 4186371. American Eagle Outfitters has been the topic of 29 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The $18.38 average target is -2.23% below today’s ($18.8) stock price. The company has market value of $3.40B. SCHOTTENSTEIN JAY L is one of the largest insider shareholders in American Eagle Outfitters (NYSE:AEO), according to U.S. Securities and Exchange Commission (SEC) filings.
Earlier in 1Q, the company reported EPS of $0.22, which surpassed analysts expectation of $0.18 by 22.22%.
The analyst further mentioned that the company is perfectly poised to surpass 2Q consensus estimates provided by Street, despite of brutal comparisons. Analysts expect that American Eagle Outfitters will post $1.27 EPS for the current fiscal year. American Eagle Outfitters (NYSE:AEO) has risen 13.94% since January 6, 2016 and is uptrending.
04/27/2016 – American Eagle Outfitters, Inc. was downgraded to “market perform” by analysts at BMO Capital Markets. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. Huntington National Bank purchased a new stake in shares of American Eagle Outfitters during the second quarter worth approximately $129,000. Continuous buying at higher levels pushed the stock towards an intraday high of $19.12. Finally, LS Investment Advisors LLC raised its stake in shares of American Eagle Outfitters by 66.7% in the second quarter. The stock negotiated total number of 9.31 million shares as compared to 3 months average volume of 4.03 million shares.
In related news, insider Jennifer M. Foyle sold 13,568 shares of the business’s stock in a transaction dated Friday, May 20th. The stock price is trading downbeat from its 200 days moving average with -10.93% and down from 50 days moving average with -0.03%. Its Global Brand President-AE Kessler Charles F sold 4,784 company shares for $75000.83, in a transaction on 2016-05-23. The shares were sold at an average price of $15.85, for a total value of $75,826.40. The disclosure for this sale can be found here.
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American Eagle Outfitters, Inc.is an apparel and accessories retailer. The Company operates around 1,000 retail stores in the United States and internationally, 955 American Eagle Outfitters stores, 101 aerie stand-alone stores and 99 third-party operated stores. The aerie brand is a collection of intimates and personal care products for women, such as bras and undies at the core, and offerings in sleep, swim and apparel.
