American Eagle Outfitters Inc. (NYSE:AEO) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.37-0.39 for the period, compared to the Thomson Reuters consensus estimate of $0.46.

American Eagle Outfitters Inc. (NYSE:AEO) opened at 16.56 on Thursday. The firm’s 50-day moving average is $17.46 and its 200-day moving average is $17.18. The stock has a market capitalization of $3.01 billion, a P/E ratio of 13.17 and a beta of 0.86. American Eagle Outfitters Inc. has a 12 month low of $12.78 and a 12 month high of $19.55.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The firm earned $941 million during the quarter, compared to the consensus estimate of $940.94 million. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. On average, equities analysts expect that American Eagle Outfitters Inc. will post $1.31 earnings per share for the current fiscal year.

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

A number of research firms have recently commented on AEO. Vetr upgraded American Eagle Outfitters from a buy rating to a strong-buy rating and set a $19.93 target price for the company in a research report on Wednesday. Morgan Stanley reiterated an underweight rating on shares of American Eagle Outfitters in a research report on Tuesday. Zacks Investment Research downgraded American Eagle Outfitters from a hold rating to a sell rating in a research report on Tuesday. Wunderlich restated a buy rating and issued a $22.00 price target on shares of American Eagle Outfitters in a research report on Monday. Finally, FBR & Co downgraded American Eagle Outfitters from an outperform rating to a market perform rating and lowered their price target for the stock from $22.00 to $19.00 in a research report on Tuesday, November 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of Hold and a consensus target price of $19.74.

In other American Eagle Outfitters news, COO Michael R. Rempell sold 50,826 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was 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 owns 106,077 shares of the company’s stock, valued at $1,998,490.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.80% of the stock is owned by company insiders.

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A number of large investors have recently modified their holdings of AEO. Cipher Capital LP increased its stake in shares of American Eagle Outfitters by 152.6% in the second quarter. Cipher Capital LP now owns 48,453 shares of the apparel retailer’s stock valued at $772,000 after buying an additional 29,270 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of American Eagle Outfitters during the second quarter valued at $595,000. Gideon Capital Advisors Inc. acquired a new stake in shares of American Eagle Outfitters during the second quarter valued at $186,000. Sei Investments Co. increased its stake in shares of American Eagle Outfitters by 29.4% in the second quarter. Sei Investments Co. now owns 62,400 shares of the apparel retailer’s stock valued at $993,000 after buying an additional 14,193 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of American Eagle Outfitters by 2.5% in the second quarter. Comerica Bank now owns 118,816 shares of the apparel retailer’s stock valued at $2,123,000 after buying an additional 2,953 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

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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