American Eagle Outfitters Coverage Initiated at Wolfe Research (AEO)

Over the last 30 and 90 trading days the company share price has increased 1.08 points and increased 0.51 points respectively. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The tumble follows a 32 percent run-up for the stock this year through Tuesday’s close. The stock has a 52 week low of $11.77 and a 52 week high of $18.49. The firm has a 50-day moving average price of $17.79 and a 200-day moving average price of $16.75. The 52-week high of the share price is $18.41 and the company has a market cap of $3,586 million.

On average, 28 analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share for the quarter.

American Eagle said net revenue rose 12 percent to $797 million. During the same period in the prior year, the firm posted $0.03 EPS. Earnings per share were $0.17.

“Our customers have taken notice of improvements to our merchandise and overall customer experience”, said the company’s interim CEO Jay Schottenstein, in a press release. A total of 6,000 shares were purchased at a price of $16.86 per share. This represents a $0.50 annualized dividend and a yield of 2.74%. The ex-dividend date was Wednesday, July 1st. (NYSE:AEO) and STATE Bags reported recently that together they will donate 20,000 new STATE backpacks to students across 20 high-need communities served by Teach For America.

Randal Konik, an analyst with Jefferies & Co., believes the companies guidance for this quarter appeared conservative and he raised his price target on the stock by a dollar, to $24. According to the information by the brokerage house, CRT Capital maintains its outlook on American Eagle Outfitters, Inc. Wolfe Research initiated coverage on American Eagle Outfitters in a research report on Monday. The brokerage firm raises the price target from $16 per share to $17 per share.

Both adjusted earnings per share and quarterly revenues also topped analysts’ expectations. The company currently has a consensus rating of Buy and a consensus target price of $17.55.

American Eagle, unlike its rivals Abercrombie & Fitch and Aeropostale has managed to win shoppers back by improving merchandise to reflect the trends such as bohemian and festival inspired tops and dresses, shirt dresses as well as denim pencil skirts. The Company offers accessories, clothes and personal care products. AEO, Inc operates under the American Eagle (AE), aerie by American Eagle (aerie), and 77kids by american eagle (77kids) brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories.