Analyst Research Summary: American Eagle Outfitters, (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEO) stock is presently standing at about $14.48 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 20 analysts covering the company is $16.00, which suggests the stock could still rise over 9 percent. The highest analyst price target is $20.00, which implies a rally of 62 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 3 rate AEO a strong buy. There are 11 equity research firms advocating a Hold and 0 consider it Sell.

BofA/Merrill analysts provided their view on American Eagle Outfitters, Inc. (NYSE:AEO) recently. The rating firm issued a Neutral rating to this company in a research note released on Mar 02, 2017. Buckingham Research analysts disclosed their opinion on American Eagle Outfitters, Inc. (NYSE:AEO) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 25, 2017. According to a research note disclosed on Jan 25, 2017, analysts at Telsey Advisory Group have upped their rating on these shares from Market Perform to Outperform.

American Eagle Outfitters, Inc. (NYSE:AEO) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its EVP, COO Rempell Michael R sold 50,826 company shares for 957560, in a transaction on 2016-09-02. Following the transaction, the EVP, COO is left with a stake of 63,737 shares, currently valued at $922912. Meanwhile, EVP, COO Rempell Michael R sold 83,141 shares worth $1553070, through a transaction dated 2016-08-18. Following the completion of the transaction, the insider is left with a stake of 113,727 shares, amounting $1646766.96. AEO Global Brand President-AE Kessler Charles F also sold 4,784 shares, at a stock price of $15.85. This transaction occurred on 2016-05-23 totals $75830. After this transaction, the insider’s stake stands at 14,741 shares, with a market value of $213450.

Executives hold 3.23 percent of the stock. James V. O’Donnell is one of the biggest insider owners in American Eagle Outfitters, Inc. (NYSE:AEO), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,969,052 shares which have current market value of around $28511872.96.Jay L. Schottenstein is another major inside shareholder in the company. The insider owns 1,005,369 shares as of 0.55%, currently worth $14557743.12. Roger S. Markfield is ranked as third insider holder of the stock. This insider holds 810,292 shares with a market value around $11733028.16 as of recent close.

American Eagle Outfitters, Inc. (NYSE:AEO) Earnings Outlook

In American Eagle Outfitters, Inc. (NYSE:AEO)’s latest quarter, EPS moved to $0.39 from $0.41 in preceding quarter and revenues reached at $1,097.25M compared to $940.61M. Analysts had expected American Eagle Outfitters, Inc. (NYSE:AEO) to post net income of about $0.38 per share on $1,110.62M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.16 to $0.18. That is compared with the $0.22 in EPS it reported during the same period a year ago.

Elbert Edwards: