Nomura Maintains American Eagle Outfitters to Neutral with Price Target $17.00

Brokerage firm Nomura Maintains its rating on American Eagle Outfitters(NYSE:AEO). In a research note issued to the investors, the brokerage major Raises the price-target to $17.00 per share. The shares have been rated Neutral. The rating by Nomura was issued on Aug 18, 2016.

In a different note, On Aug 18, 2016, Goldman Sachs said it Maintains its rating on American Eagle Outfitters. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Sell’ by the firm. On Aug 15, 2016, Deutsche Bank said it Upgrades its rating on American Eagle Outfitters. The shares have been rated ‘Buy’ by the firm. On Aug 11, 2016, Wunderlich said it Upgrades its rating on American Eagle Outfitters. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 2, 2016, Bank of America said it Upgrades its rating on American Eagle Outfitters. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Jefferies said it Maintains its rating on American Eagle Outfitters. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Buy’ by the firm.

American Eagle Outfitters (AEO) made into the market gainers list on Mondays trading session with the shares advancing 0.43% or 0.08 points. Due to strong positive momentum, the stock ended at $18.74, which is also near the day’s high of $18.86. The stock began the session at $18.66 and the volume stood at 33,51,024 shares. The 52-week high of the shares is $19.55 and the 52 week low is $12.78. The company has a current market capitalization of $3,406 M and it has 18,17,63,310 shares in outstanding.

American Eagle Outfitters(AEO) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $822.59M. Analysts had an estimated revenue of $817.64M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Jennifer M. Foyle (Global Brand President-aerie) sold 13,568 shares at $15.73 per share price.Also, On May 24, 2016, Charles F Kessler (Global Brand President-AE) sold 4,784 shares at $15.85 per share price.On Jan 13, 2016, Jay L Schottenstein (CEO) purchased 164,257 shares at $13.22 per share price, according to the Form-4 filing with the securities and exchange commission.

American Eagle Outfitters Inc. is an apparel and accessories retailer. The Company offers clothing accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims pants shorts sweaters fleece outerwear graphic t-shirts footwear and accessories. The aerie brand is a collection of intimates and personal care products for women such as bras and undies at the core and offerings in sleep swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1000 retail stores in the United States and internationally 955 American Eagle Outfitters stores 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States Canada Mexico Hong Kong China and the United Kingdom.

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