Barclays Boosts American Eagle Outfitters (NYSE:AEO) Price Target to $32.00

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its target price increased by analysts at Barclays from $30.00 to $32.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the apparel retailer's stock. Barclays's price objective suggests a potential upside of 28.93% from the company's previous close.

Several other equities research analysts have also recently issued reports on the stock. Telsey Advisory Group raised their price target on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday, March 8th. UBS Group boosted their target price on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, February 26th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a "neutral" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Tuesday, April 9th. Citigroup boosted their price target on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.18.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock traded up $0.43 during trading hours on Monday, hitting $24.82. The company had a trading volume of 4,242,399 shares, compared to its average volume of 4,540,767. The company has a market cap of $4.89 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59. The company's 50-day moving average is $23.75 and its two-hundred day moving average is $21.16. American Eagle Outfitters has a twelve month low of $9.95 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.11. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. American Eagle Outfitters's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. Sell-side analysts expect that American Eagle Outfitters will post 1.71 EPS for the current year.

American Eagle Outfitters declared that its board has authorized a stock buyback program on Thursday, February 1st that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James H. Keefer, Jr. sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $25.82, for a total value of $180,740.00. Following the sale, the chief accounting officer now directly owns 17,266 shares of the company's stock, valued at approximately $445,808.12. The disclosure for this sale can be found here. Insiders have sold 72,319 shares of company stock valued at $1,732,938 in the last 90 days. 7.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Pacer Advisors Inc. grew its position in American Eagle Outfitters by 37.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer's stock worth $128,927,000 after buying an additional 1,663,569 shares in the last quarter. Wellington Management Group LLP lifted its position in American Eagle Outfitters by 84.0% during the third quarter. Wellington Management Group LLP now owns 233,065 shares of the apparel retailer's stock valued at $3,871,000 after buying an additional 106,397 shares during the period. Qube Research & Technologies Ltd raised its position in shares of American Eagle Outfitters by 32.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 596,391 shares of the apparel retailer's stock worth $9,906,000 after purchasing an additional 145,038 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in shares of American Eagle Outfitters in the 4th quarter worth about $231,000. Finally, Illinois Municipal Retirement Fund bought a new stake in American Eagle Outfitters in the 3rd quarter worth about $1,729,000. 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.