Trading Report: Today, American Eagle Outfitters Inc. (AEO) Receives “Buy” Rating from Wunderlich

Today, American Eagle Outfitters Inc. (AEO) Receives “Buy” Rating from Wunderlich

Wunderlich reaffirmed their buy rating on shares of American Eagle Outfitters Inc. (NYSE:AEO) in a report released on Monday. Wunderlich currently has a $22.00 price objective on the apparel retailer’s stock.

AEO has been the topic of a number of other reports. BMO Capital Markets raised shares of American Eagle Outfitters from a market perform rating to an outperform rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Monday, October 10th. They noted that the move was a valuation call. BlueFin Research reissued an outperform rating and set a $22.00 target price on shares of American Eagle Outfitters in a report on Wednesday, September 28th. Jefferies Group reissued a buy rating on shares of American Eagle Outfitters in a report on Monday, August 1st. FBR & Co raised shares of American Eagle Outfitters from a market perform rating to an outperform rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Thursday, August 25th. Finally, Deutsche Bank AG raised 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 note on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $19.63.

Shares of American Eagle Outfitters (NYSE:AEO) opened at 18.40 on Monday. American Eagle Outfitters has a 52 week low of $12.78 and a 52 week high of $19.55. The firm has a 50-day moving average of $17.46 and a 200 day moving average of $17.15. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 14.64 and a beta of 0.86.

In other American Eagle Outfitters news, COO Michael R. Rempell sold 50,826 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 106,077 shares in the company, valued at $1,998,490.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Smith Asset Management Group LP raised its position in American Eagle Outfitters by 8,589.7% in the second quarter. Smith Asset Management Group LP now owns 6,778 shares of the apparel retailer’s stock worth $108,000 after buying an additional 6,700 shares during the period. Invictus RG raised 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 period. LS Investment Advisors LLC raised its position in American Eagle Outfitters by 66.7% in the second quarter. LS Investment Advisors LLC now owns 10,155 shares of the apparel retailer’s stock worth $162,000 after buying an additional 4,063 shares during the period. Round Table Services LLC raised its position in American Eagle Outfitters by 8.8% in the second quarter. Round Table Services LLC now owns 11,260 shares of the apparel retailer’s stock worth $179,000 after buying an additional 915 shares during the period. Finally, Gideon Capital Advisors Inc. purchased a new position in American Eagle Outfitters during the second quarter worth approximately $186,000. Institutional investors own 99.36% of the company’s stock.

American Eagle Outfitters Company Profile

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