American Eagle Outfitters (NYSE:AEO) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

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American Eagle Outfitters (NYSE:AEO) issued its earnings results on Wednesday. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07, Briefing.com reports. American Eagle Outfitters had a net margin of 6.40% and a return on equity of 21.28%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. American Eagle Outfitters updated its Q3 guidance to $0.47-0.49 EPS.

Shares of American Eagle Outfitters stock opened at $16.00 on Friday. The company’s fifty day simple moving average is $16.54 and its 200-day simple moving average is $19.10. The stock has a market capitalization of $2.76 billion, a PE ratio of 10.81, a P/E/G ratio of 1.68 and a beta of 0.85. American Eagle Outfitters has a 1-year low of $13.66 and a 1-year high of $25.40. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.46 and a quick ratio of 0.76.

Several equities research analysts recently issued reports on the stock. Wedbush dropped their target price on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, June 6th. ValuEngine cut shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. Citigroup dropped their price target on shares of American Eagle Outfitters from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group set a $22.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday. Finally, Cowen lifted their price target on shares of American Eagle Outfitters from $17.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $21.27.

Several institutional investors have recently modified their holdings of AEO. Geode Capital Management LLC boosted its stake in shares of American Eagle Outfitters by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 1,863,590 shares of the apparel retailer’s stock worth $36,022,000 after acquiring an additional 223,029 shares during the last quarter. World Asset Management Inc bought a new stake in shares of American Eagle Outfitters during the 1st quarter valued at $268,000. Quadrant Capital Group LLC raised its position in shares of American Eagle Outfitters by 122.9% during the 1st quarter. Quadrant Capital Group LLC now owns 4,112 shares of the apparel retailer’s stock valued at $86,000 after purchasing an additional 2,267 shares during the period. SG Americas Securities LLC raised its position in shares of American Eagle Outfitters by 8.3% during the 1st quarter. SG Americas Securities LLC now owns 41,677 shares of the apparel retailer’s stock valued at $924,000 after purchasing an additional 3,193 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of American Eagle Outfitters during the 1st quarter valued at $93,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Earnings History for American Eagle Outfitters (NYSE:AEO)

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