American Eagle Outfitters (NYSE:AEO) shares are trading up 3.01% or $0.47 in the after hours today following an earnings beat by the apparel and accessories retailer. The third quarter numbers, which were just released, point to an EPS of $0.35, beating consensus estimates by $0.01. Revenue for the quarter came in a tad shy of estimates at $919 million while analysts were expecting approximately $924 million.
American Eagle Outfitters (NYSE:AEO) also provded guidance for the fourth quarter, which came in at $0.40 to $0.42 per share. This range was in line with consensus estimates of $0.41 per share. Comparable sales for the quarter increased 9% on $74.1 million in total profit. The stock increased 0.22% or $0.03 during the last trading session, hitting $15.81. About 5.17 million shares traded hands. AEO has declined 1.25% since April 29, 2015 and is downtrending. It has underperformed the S&P500 by 1.05%.
From a total of 12 analysts covering American Eagle Outfitters (NYSE:AEO) stock, 8 rate it a “Buy”, 0 a “Sell”, and 4 a “Hold”. This means that 67% of the ratings are positive. The highest target price is $24 while the lowest target price is $14. The mean of all analyst targets is $19.18 which is 21.32% above today’s ($15.81) stock price. American Eagle Outfitters was the topic of 20 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Oppenheimer downgraded shares on November 30 to a “Perform” rating. Sterne Agee CRT maintained shares with a”Hold” rating and a $17 target share price in their report from an August 20. Piper Jaffray upgraded AEO stock in a recent report from November 3 to a “Overweight” rating. Wolfe Research initiated the rating on August 18. Wolfe Research has a “Outperform” rating and a $22 price target on shares. Finally, Cowen & Co maintained the stock with a “Outperform” rating in a report they issued on a September 17.
American Eagle Outfitters, Inc. is an apparel and accessories retailer. The company has a market cap of $3.08 billion. The Firm offers clothing, accessories and personal care products. It has 21.92 P/E ratio. The Firm operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands.