American Eagle tops Street 2Q forecasts

Cowen and Company raised American Eagle Outfitters from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $17.00 to $19.00 in a research report on Wednesday, May 13th. Eight analysts surveyed by Zacks expected $762.4 million. The rating by the firm was issued on May 21, 2015. They presently have a $19.00 price objective on the apparel retailer’s stock. A total of 4.94M shares of the company’s stock traded hands. The firm has a market capitalization of $3.57 billion and a P/E ratio of 33.71. The 50-day moving average is $17.76 and the 200 day moving average is recorded at $16.7. Zacks lowered shares of American Eagle Outfitters from a hold rating to a sell rating in a report on Tuesday, August 4th. The highest target is $23 and the lowest is $12 according to Thomson/First Call. The shares have received a hold rating based on the suggestion from 6 analysts in latest recommendations.

The company also recently announced a quarterly dividend, which was distributed on Monday, July 20th. Analysts expected earnings of 28 cents per share, according to FactSet. (NYSE:AEO): On Monday heightened volatility was witnessed in American Eagle Outfitters, Inc. The company now has a consensus rating of “Buy” and a consensus price target of $17.48.

In related news, Director Cary D. Mcmillan bought 6,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The transaction was executed at $16.86 per share with total amount equaling $101,160. The ex-dividend date was Wednesday, July 1st. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In terms of sales expectations, the surprise factor in per share dollar terms was $10.964 away from what analysts had projected for the quarter, or a difference of 1.592%. The Organization operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands.

American Eagle, unlike rivals Aeropostale Inc (ARO.N) and Abercrombie & Fitch Co (ANF.N), has managed to win back shoppers by improving its merchandise to reflect trends such as festival- and bohemian-inspired dresses and tops, shirt dresses, and denim pencil skirts. The Company offers personal care products, accessories and clothing. The aerie brand is a range of intimates and personal care products for girls, such as bras and undies at the center, and offerings in slumber, swim and apparel. (AEO, Inc) is a specialty retailer that operates in the United Sates and Canada, and online at ae.com. As of January 28, 2012, the Company operated 1,090 stores in the United States and Canada under the American Eagle Outfitters, aerie and 77kids brands. The Business has stores in the UK, Canada, Mexico, Hong Kong, China and also America.