The American Eagle Outfitters Inc. (AEO) to Release Earnings on Wednesday

The American Eagle Outfitters Inc. (AEO) to Release Earnings on Wednesday

American Eagle Outfitters Inc. (NYSE:AEO) is scheduled to issue its Q316 quarterly earnings data on Wednesday, November 30th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $941.85 million for the quarter.

American Eagle Outfitters Inc. (NYSE:AEO) opened at 18.34 on Monday. American Eagle Outfitters Inc. has a 12 month low of $12.78 and a 12 month high of $19.55. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.59 and a beta of 0.86. The firm’s 50-day moving average is $17.44 and its 200 day moving average is $17.07.

In related news, COO Michael R. Rempell sold 50,826 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $18.84, for a total transaction of $957,561.84. Following the completion of the sale, the chief operating officer now directly owns 106,077 shares in the company, valued at $1,998,490.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AEO. Cipher Capital LP boosted its stake in American Eagle Outfitters by 152.6% in the second quarter. Cipher Capital LP now owns 48,453 shares of the apparel retailer’s stock worth $772,000 after buying an additional 29,270 shares during the period. BlueMountain Capital Management LLC acquired a new stake in American Eagle Outfitters during the second quarter worth about $595,000. Gideon Capital Advisors Inc. acquired a new stake in American Eagle Outfitters during the second quarter worth about $186,000. Sei Investments Co. boosted its stake in American Eagle Outfitters by 29.4% in the second quarter. Sei Investments Co. now owns 62,400 shares of the apparel retailer’s stock worth $993,000 after buying an additional 14,193 shares during the period. Finally, Comerica Bank boosted its stake in American Eagle Outfitters by 2.5% in the second quarter. Comerica Bank now owns 118,816 shares of the apparel retailer’s stock worth $2,123,000 after buying an additional 2,953 shares during the period. Hedge funds and other institutional investors own 97.55% of the company’s stock.

A number of research firms have recently issued reports on AEO. FBR & Co downgraded shares of American Eagle Outfitters from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Tuesday, November 15th. Wolfe Research downgraded shares of American Eagle Outfitters from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 14th. Vetr downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $19.96 price target on the stock. in a research report on Monday, November 14th. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, BlueFin Research downgraded shares of American Eagle Outfitters from an “outperform” rating to a “market perform” rating in a research report on Monday, November 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.63.

American Eagle Outfitters Company Profile

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