In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on American Eagle (AEO – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $23.75.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as Wolverine World Wide, Birkenstock Holding plc, and Bath & Body Works. According to TipRanks, Telsey has an average return of 2.7% and a 44.48% success rate on recommended stocks.
In addition to Telsey Advisory, American Eagle also received a Hold from Bank of America Securities’s Christopher Nardone in a report issued yesterday. However, on February 26, UBS maintained a Buy rating on American Eagle (NYSE: AEO).
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Based on American Eagle’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.3 billion and a net profit of $96.7 million. In comparison, last year the company earned a revenue of $1.24 billion and had a net profit of $81.23 million
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEO in relation to earlier this year. Most recently, in January 2024, Jennifer Foyle, the Global Brand President-aerie of AEO sold 24,271.00 shares for a total of $488,089.81.
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American Eagle (AEO) Company Description:
American Eagle Outfitters, Inc. is a multi-brand specialty retailer. It offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom. It also acquired two emerging brands to complement its existing brands, Tailgate, a vintage sports-inspired apparel brand, and Todd Snyder New York, a premium menswear brand. The company was founded in 1977 and is headquartered in Pittsburgh, PA.
Read More on AEO:
- Citi ups American Eagle target, opens ‘positive catalyst watch’
- American Eagle price target raised to $29 from $27 at UBS
- JPMorgan ups American Eagle target, places on ‘Positive Catalyst Watch’
- American Eagle Announces New Share Buyback Program
- American Eagle announces 30M shares authorizes for share repurchase program
