American Eagle Outfitters, Inc. (AEO) Rating Increased to Buy at Zacks Investment Research

American Eagle Outfitters, Inc. (NYSE:AEO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $15.00 target price on the apparel retailer’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.16% from the company’s current price.

According to Zacks, “American Eagle has outperformed the industry in the past three months driven by positive sentiment for second-quarter fiscal 2017, since reporting a dismal first-quarter. The company lived up to expectations with both the top and bottom line beating estimates in the second quarter.  The company also posted 10th straight quarter of positive comps on the back of strong online sales at both brands driven by efficient use of omni-channel capabilities to enhance customer experience. Also, its new loyalty program, AEO Connect is likely to enhance customers' experience. We also commend American Eagle's focus on expansion, as evident from its plans to enter the Indian market. Moreover, the company remains optimistic about the second half of fiscal 2017, especially the fall season. However, margins have been strained owing to increased promotions and the company expects these trends to continue and hurt results.”

AEO has been the subject of several other research reports. Royal Bank Of Canada set a $14.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, August 29th. BidaskClub downgraded shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $12.00 target price (down previously from $13.00) on shares of American Eagle Outfitters in a research note on Friday, August 11th. Buckingham Research reissued a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.61.

Shares of American Eagle Outfitters (AEO) opened at 13.14 on Tuesday. The firm has a market capitalization of $2.33 billion, a PE ratio of 13.49 and a beta of 1.10. The company’s 50-day moving average is $13.22 and its 200 day moving average is $12.53. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.00.

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 consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm had revenue of $845.00 million during the quarter, compared to the consensus estimate of $823.84 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that American Eagle Outfitters will post $1.13 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “American Eagle Outfitters, Inc. (AEO) Rating Increased to Buy at Zacks Investment Research” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/12/american-eagle-outfitters-inc-aeo-rating-increased-to-buy-at-zacks-investment-research.html.

In related news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the sale, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. Oxford Asset Management purchased a new position in American Eagle Outfitters in the 1st quarter worth approximately $297,000. Envestnet Asset Management Inc. boosted its holdings in American Eagle Outfitters by 85.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock worth $432,000 after acquiring an additional 14,230 shares during the period. SG Americas Securities LLC boosted its holdings in American Eagle Outfitters by 106.9% in the 1st quarter. SG Americas Securities LLC now owns 25,242 shares of the apparel retailer’s stock worth $354,000 after acquiring an additional 393,669 shares during the period. Victory Capital Management Inc. purchased a new position in American Eagle Outfitters in the 1st quarter worth approximately $439,000. Finally, United Services Automobile Association boosted its holdings in American Eagle Outfitters by 28.5% in the 1st quarter. United Services Automobile Association now owns 30,410 shares of the apparel retailer’s stock worth $427,000 after acquiring an additional 6,740 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

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According to Zacks, “American Eagle has outperformed the industry in the past three months driven by positive sentiment for second-quarter fiscal 2017, since reporting a dismal first-quarter. The company lived up to expectations with both the top and bottom line beating estimates in the second quarter.  The company also posted 10th straight quarter of positive comps on the back of strong online sales at both brands driven by efficient use of omni-channel capabilities to enhance customer experience. Also, its new loyalty program, AEO Connect is likely to enhance customers' experience. We also commend American Eagle's focus on expansion, as evident from its plans to enter the Indian market. Moreover, the company remains optimistic about the second half of fiscal 2017, especially the fall season. However, margins have been strained owing to increased promotions and the company expects these trends to continue and hurt results.”

AEO has been the subject of several other research reports. Royal Bank Of Canada set a $14.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, August 29th. BidaskClub downgraded shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $12.00 target price (down previously from $13.00) on shares of American Eagle Outfitters in a research note on Friday, August 11th. Buckingham Research reissued a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.61.

Shares of American Eagle Outfitters (AEO) opened at 13.14 on Tuesday. The firm has a market capitalization of $2.33 billion, a PE ratio of 13.49 and a beta of 1.10. The company’s 50-day moving average is $13.22 and its 200 day moving average is $12.53. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.00.

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 consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm had revenue of $845.00 million during the quarter, compared to the consensus estimate of $823.84 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that American Eagle Outfitters will post $1.13 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “American Eagle Outfitters, Inc. (AEO) Rating Increased to Buy at Zacks Investment Research” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/12/american-eagle-outfitters-inc-aeo-rating-increased-to-buy-at-zacks-investment-research.html.

In related news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the sale, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. Oxford Asset Management purchased a new position in American Eagle Outfitters in the 1st quarter worth approximately $297,000. Envestnet Asset Management Inc. boosted its holdings in American Eagle Outfitters by 85.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock worth $432,000 after acquiring an additional 14,230 shares during the period. SG Americas Securities LLC boosted its holdings in American Eagle Outfitters by 106.9% in the 1st quarter. SG Americas Securities LLC now owns 25,242 shares of the apparel retailer’s stock worth $354,000 after acquiring an additional 393,669 shares during the period. Victory Capital Management Inc. purchased a new position in American Eagle Outfitters in the 1st quarter worth approximately $439,000. Finally, United Services Automobile Association boosted its holdings in American Eagle Outfitters by 28.5% in the 1st quarter. United Services Automobile Association now owns 30,410 shares of the apparel retailer’s stock worth $427,000 after acquiring an additional 6,740 shares during the period. Hedge funds and other institutional investors own 83.87% 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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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