American Eagle Outfitters (NYSE:AEO) Announces Earnings Results

Key Points

• American Eagle Outfitters reported earnings of $0.45 per share, surpassing analysts' expectations of $0.20 by a significant margin.
• The company's stock price increased to $13.60, with a noteworthy trading volume of 16 million shares, well above its average of approximately 8.6 million.
• Among analysts, the stock holds an average rating of "Reduce" and a consensus price target of $13.44, with one "Buy," eight "Hold," and three "Sell" ratings currently issued.

American Eagle Outfitters (NYSE:AEO - Get Free Report) announced its earnings results on Wednesday. The apparel retailer reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.25, Zacks reports. American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%.

American Eagle Outfitters Stock Performance

Shares of AEO traded up $0.09 on Wednesday, reaching $13.60. The company's stock had a trading volume of 16,017,347 shares, compared to its average volume of 8,593,525. The stock's 50 day simple moving average is $11.42 and its two-hundred day simple moving average is $11.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 0.56. The stock has a market capitalization of $2.36 billion, a P/E ratio of 13.87 and a beta of 1.45. American Eagle Outfitters has a 12-month low of $9.27 and a 12-month high of $22.63.

Analyst Ratings Changes

A number of research analysts recently weighed in on AEO shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $12.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, August 27th. Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Morgan Stanley set a $10.00 price target on American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Cfra Research downgraded shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, BMO Capital Markets reduced their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $13.44.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC lifted its stake in shares of American Eagle Outfitters by 2.0% during the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer's stock valued at $519,000 after buying an additional 1,046 shares in the last quarter. Empowered Funds LLC lifted its position in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer's stock valued at $185,000 after acquiring an additional 1,398 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock worth $37,000 after acquiring an additional 2,315 shares during the period. Raymond James Financial Inc. bought a new position in shares of American Eagle Outfitters in the second quarter worth about $35,000. Finally, Tower Research Capital LLC TRC grew its position in shares of American Eagle Outfitters by 50.1% during the second quarter. Tower Research Capital LLC TRC now owns 12,554 shares of the apparel retailer's stock worth $121,000 after purchasing an additional 4,188 shares in the last quarter. Institutional investors own 97.33% of the company's stock.

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.

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