American Eagle Outfitters, Inc. (NYSE:AEO), with -3.25% losses in previous 5 sessions, is under coverage of 23 analysts who collectively assign a hold rating on stock. 14 of the brokerages firms have a buy or better rating; the 0 sells versus 2 underperforms. The 23 stock analysts who cover the stock have an average PT at $20.13, with individual targets in the range of $12 to $25. The shares ended last trade at $16.38, implying that Wall Street analysts see shares climbing about 22.89 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 8.15 jumped so far this year. A EVP, COO at American Eagle Outfitters, Inc. (AEO) sold shares in a trading activity completed on Friday September 02, 2016. Rempell Michael R offloaded 50,826 shares in the company at a per-share price of $18.84 and ended up generating $957,560 in proceeds. Rempell Michael R retains 63,737 shares in the stock after this transaction. A EVP, COO in the company, Rempell Michael R, on Thursday August 18, 2016 collected $1,553,070 from the sale of 83,141 shares at a per-share price of $18.84. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
American Eagle Outfitters, Inc. (NYSE:AEO) Earnings on Tap
Investors interested in trading AEO stock at the current market price of $16.38/share should know the company will next release quarterly results for the October 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.41 in earnings per share (EPS). That would represent a 17.14 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $942.49M.
Historical Quarterly Earnings: Last quarter, American Eagle Outfitters, Inc. generated nearly $822.59M in sales and net income of $0.23/share. That compares with the mean forecast $820.18M and $0.21/share, respectively. For the prior quarter revenue for the stock hit $749.42M, with EPS at $0.22.
American Eagle Outfitters, Inc. (AEO) Analyst Rating News
Deutsche Bank is following shares of American Eagle Outfitters, Inc. (AEO), so its rating change is noteworthy. The company stock was upgraded to Buy from Hold, wrote analysts at Deutsche Bank, in a research note issued to clients on Monday August 15, 2016. There was another key research note provided by Wunderlich on Thursday August 11, 2016. The firm lifted its rating on AEO from Hold to Buy.
Price Potential: Even though the stock has posted -1.74% fall in value, its new closing price reflects a -15.59% fall in value from company’s one year high of $19.55. The stock is currently holding below its 50-day SMA of $17.53 and above its 200-day SMA of $16.77. Over the last 3 months and over the last 6 months, the shares of American Eagle Outfitters, Inc. (AEO), have changed -10.32% and 14.62%, respectively.