American Eagle Outfitters (AEO) Receives “Outperform” Rating from Cowen

American Eagle Outfitters (NYSE:AEO)‘s stock had its “outperform” rating reissued by equities research analysts at Cowen in a research report issued to clients and investors on Thursday. They presently have a $19.00 price target on the apparel retailer’s stock, up from their previous price target of $16.00. Cowen’s price target would indicate a potential upside of 15.15% from the company’s previous close.

Several other analysts have also issued reports on the stock. FBR & Co restated a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of American Eagle Outfitters in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, November 9th. Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Jefferies Group set a $18.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Sunday, September 10th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.86.

Shares of American Eagle Outfitters (AEO) opened at $16.50 on Thursday. The stock has a market cap of $2,852.26, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $18.49.

In other news, insider Jennifer M. Foyle sold 13,500 shares of American Eagle Outfitters 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 in the company, valued at approximately $391,490.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.80% of the company’s stock.

Several large investors have recently modified their holdings of AEO. California Public Employees Retirement System grew its holdings in American Eagle Outfitters by 10.2% during the third quarter. California Public Employees Retirement System now owns 666,250 shares of the apparel retailer’s stock valued at $9,527,000 after purchasing an additional 61,504 shares during the period. Cubist Systematic Strategies LLC acquired a new position in American Eagle Outfitters during the third quarter valued at approximately $160,000. Point72 Asset Management L.P. acquired a new position in American Eagle Outfitters during the third quarter valued at approximately $1,122,000. Highbridge Capital Management LLC acquired a new position in American Eagle Outfitters during the third quarter valued at approximately $257,000. Finally, Vident Investment Advisory LLC grew its holdings in American Eagle Outfitters by 65.6% during the third quarter. Vident Investment Advisory LLC now owns 235,467 shares of the apparel retailer’s stock valued at $3,367,000 after purchasing an additional 93,239 shares during the period. Institutional investors own 83.15% of the company’s stock.

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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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