Q4 2023 Earnings Estimate for American Eagle Outfitters, Inc. Issued By Telsey Advisory Group (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) – Telsey Advisory Group increased their Q4 2023 earnings per share estimates for American Eagle Outfitters in a research note issued on Wednesday, November 23rd. Telsey Advisory Group analyst D. Telsey now expects that the apparel retailer will post earnings of $0.30 per share for the quarter, up from their prior estimate of $0.22. Telsey Advisory Group currently has a “Market Perform” rating and a $17.00 target price on the stock. The consensus estimate for American Eagle Outfitters’ current full-year earnings is $0.66 per share. Telsey Advisory Group also issued estimates for American Eagle Outfitters’ Q1 2024 earnings at $0.21 EPS and Q4 2024 earnings at $0.32 EPS.

American Eagle Outfitters (NYSE:AEOGet Rating) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. American Eagle Outfitters had a return on equity of 13.56% and a net margin of 2.42%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year.

A number of other analysts have also recently weighed in on the company. UBS Group reduced their price target on American Eagle Outfitters to $16.00 in a research report on Tuesday, August 30th. Cowen cut their price objective on American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, September 8th. StockNews.com initiated coverage on American Eagle Outfitters in a report on Wednesday, October 12th. They issued a “sell” rating for the company. JPMorgan Chase & Co. upped their price target on American Eagle Outfitters from $12.00 to $13.00 in a report on Friday, September 16th. Finally, Cowen upped their price target on American Eagle Outfitters to $15.00 in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.31.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $15.80 on Thursday. The business’s 50-day moving average price is $11.19 and its two-hundred day moving average price is $11.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.86 and a quick ratio of 0.68. American Eagle Outfitters has a one year low of $9.46 and a one year high of $28.62. The company has a market capitalization of $2.96 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34.

Hedge Funds Weigh In On American Eagle Outfitters

A number of large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky bought a new position in American Eagle Outfitters during the 3rd quarter worth about $348,000. Cooke & Bieler LP increased its holdings in American Eagle Outfitters by 10.1% during the 3rd quarter. Cooke & Bieler LP now owns 8,399,160 shares of the apparel retailer’s stock worth $81,724,000 after purchasing an additional 771,320 shares in the last quarter. Verity Asset Management Inc. bought a new position in American Eagle Outfitters during the 3rd quarter worth about $232,000. State Street Corp increased its holdings in American Eagle Outfitters by 9.5% during the 3rd quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock worth $55,829,000 after purchasing an additional 499,560 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of American Eagle Outfitters by 303.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 162,855 shares of the apparel retailer’s stock valued at $1,585,000 after acquiring an additional 122,444 shares in the last quarter.

American Eagle Outfitters Company Profile

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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 provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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