In a report released today, Susan Anderson from B.Riley FBR reiterated a Buy rating on American Eagle (NYSE: AEO), with a price target of $29. The company’s shares opened today at $26.64, close to its 52-week high of $27.04.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.1% and a 56.1% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
American Eagle has an analyst consensus of Strong Buy, with a price target consensus of $27.71, which is a 4.0% upside from current levels. In a report issued on July 25, Jefferies also reiterated a Buy rating on the stock with a $33 price target.
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Based on American Eagle’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $39.93 million. In comparison, last year the company had a net profit of $21.24 million.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
