Bank of America Boosts American Eagle Outfitters (NYSE:AEO) Price Target to $12.50

American Eagle Outfitters (NYSE:AEO) had its target price upped by Bank of America from $10.50 to $12.50 in a report released on Thursday, FlyOnTheWall reports.

Other research analysts have also issued research reports about the stock. UBS Group raised their target price on shares of American Eagle Outfitters from $18.00 to $22.00 in a report on Friday, September 1st. BMO Capital Markets reduced their target price on shares of American Eagle Outfitters from $14.00 to $10.00 in a report on Thursday, May 25th. Barclays raised their target price on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the stock an overweight rating in a report on Thursday. Citigroup raised their target price on shares of American Eagle Outfitters from $13.00 to $17.00 in a report on Friday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of Hold and an average price target of $16.41.

American Eagle Outfitters Trading Down 4.7 %

Shares of NYSE:AEO opened at $15.99 on Thursday. The firm’s 50 day moving average is $14.62 and its two-hundred day moving average is $13.42. American Eagle Outfitters has a 52 week low of $9.46 and a 52 week high of $17.53. The firm has a market capitalization of $3.16 billion, a P/E ratio of 15.38, a PEG ratio of 1.62 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, September 6th. The apparel retailer reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. American Eagle Outfitters had a net margin of 4.04% and a return on equity of 14.92%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.04 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts predict that American Eagle Outfitters will post 1.08 EPS for the current year.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently bought and sold shares of the business. TCM Advisors LLC raised its holdings in American Eagle Outfitters by 1.0% in the second quarter. TCM Advisors LLC now owns 74,300 shares of the apparel retailer’s stock worth $877,000 after purchasing an additional 700 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of American Eagle Outfitters by 7.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,034 shares of the apparel retailer’s stock worth $168,000 after acquiring an additional 831 shares in the last quarter. Russell Investments Group Ltd. grew its position in American Eagle Outfitters by 1.3% in the fourth quarter. Russell Investments Group Ltd. now owns 68,744 shares of the apparel retailer’s stock valued at $960,000 after purchasing an additional 865 shares in the last quarter. BRYN MAWR TRUST Co grew its position in American Eagle Outfitters by 1.0% in the first quarter. BRYN MAWR TRUST Co now owns 102,497 shares of the apparel retailer’s stock valued at $1,378,000 after purchasing an additional 982 shares in the last quarter. Finally, LPL Financial LLC grew its position in American Eagle Outfitters by 4.9% in the fourth quarter. LPL Financial LLC now owns 21,406 shares of the apparel retailer’s stock valued at $299,000 after purchasing an additional 1,004 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.

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 in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.