American Eagle Outfitters (NYSE:AEO) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

American Eagle Outfitters (NYSE:AEO) announced its quarterly earnings data on Wednesday. The apparel retailer reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 Stock Performance

Shares of NYSE:AEO traded down $0.05 during trading on Wednesday, reaching $11.44. The stock had a trading volume of 9,361,461 shares, compared to its average volume of 4,596,613. American Eagle Outfitters has a 1-year low of $10.67 and a 1-year high of $26.25. The stock has a market cap of $2.20 billion, a PE ratio of 9.78, a PEG ratio of 0.82 and a beta of 1.57. The business has a fifty day moving average price of $15.12 and a 200-day moving average price of $17.82.

Analyst Upgrades and Downgrades

AEO has been the topic of several research analyst reports. UBS Group dropped their price target on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. BMO Capital Markets reiterated a “market perform” rating on shares of American Eagle Outfitters in a report on Tuesday. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a research report on Thursday, March 6th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $19.70.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by corporate insiders.

About American Eagle Outfitters

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.