American Eagle Outfitters (NYSE:AEO) Releases Earnings Results

American Eagle Outfitters (NYSE:AEO) posted its earnings results on Wednesday. The apparel retailer reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.04, Zacks reports. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO traded down $0.05 during midday trading on Wednesday, hitting $11.44. The company had a trading volume of 9,489,981 shares, compared to its average volume of 4,597,003. American Eagle Outfitters has a twelve month low of $10.67 and a twelve month high of $26.25. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The business’s 50-day simple moving average is $15.12 and its 200-day simple moving average is $17.82.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. BMO Capital Markets reissued a “market perform” rating on shares of American Eagle Outfitters in a research note on Tuesday. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Raymond James initiated coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating on the stock. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research note on Thursday, March 6th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.