American Eagle Outfitters Inc. (NYSE:AEO) released its quarterly earnings data on Wednesday. The apparel retailer reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The business earned $941 million during the quarter, compared to analysts’ expectations of $941.51 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. American Eagle Outfitters updated its Q4 guidance to $0.37-0.39 EPS.

American Eagle Outfitters (NYSE:AEO) opened at 18.91 on Wednesday. The company has a market capitalization of $3.44 billion, a PE ratio of 15.04 and a beta of 0.86. The company has a 50-day moving average of $17.46 and a 200-day moving average of $17.15. American Eagle Outfitters has a 52 week low of $12.78 and a 52 week high of $19.55.

Earnings History for American Eagle Outfitters (NYSE:AEO)

In other American Eagle Outfitters news, COO Michael R. Rempell sold 50,826 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $18.84, for a total value of $957,561.84. Following the completion of the sale, the chief operating officer now directly owns 106,077 shares of the company’s stock, valued at approximately $1,998,490.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.80% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P boosted its position in American Eagle Outfitters by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 11,923 shares of the apparel retailer’s stock worth $190,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in American Eagle Outfitters by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 39,300 shares of the apparel retailer’s stock worth $626,000 after buying an additional 204 shares during the last quarter. Invictus RG boosted its position in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock worth $108,000 after buying an additional 449 shares during the last quarter. Advantus Capital Management Inc boosted its position in American Eagle Outfitters by 3.2% in the third quarter. Advantus Capital Management Inc now owns 20,795 shares of the apparel retailer’s stock worth $371,000 after buying an additional 640 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in American Eagle Outfitters by 11.3% in the third quarter. Panagora Asset Management Inc. now owns 22,862 shares of the apparel retailer’s stock worth $408,000 after buying an additional 2,321 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

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AEO has been the subject of a number of recent analyst reports. Bank of America Corp. upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 3rd. Wunderlich upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $22.00 in a research report on Thursday, August 11th. Telsey Advisory Group upped their price objective on shares of American Eagle Outfitters from $18.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, August 15th. Finally, Deutsche Bank AG upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $22.00 in a research report on Monday, August 15th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.63.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

5 Day Chart for NYSE:AEO

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