Telsey Advisory Reiterates a Hold Rating on American Eagle

By Ryan Adsit

In a report released today, Dana Telsey from Telsey Advisory reiterated a Hold rating on American Eagle (NYSE: AEO), with a price target of $19. The company’s shares closed yesterday at $16.56.

According to, Telsey is a 4-star analyst with an average return of 5.6% and a 46.8% success rate. Telsey covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Ascena Retail Group, and Burlington Stores.

Currently, the analyst consensus on American Eagle is Moderate Buy and the average price target is $18, representing an 8.7% upside.

In a report released today, FBR Capital also reiterated a Hold rating on the stock with a $17 price target.

Based on American Eagle’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $823 million and quarterly net profit of $41.59 million. In comparison, last year the company earned revenue of $919 million and had a net profit of $74.11 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Michael Rempell, the EVP, COO NY Design Center of AEO sold 83,141 shares for a total of $1,553,074.

American Eagle Outfitters, Inc. is an apparel and accessories retailer in the U.S. and Canada. It offers clothing, accessories and personal care products under its American Eagle Outfitters and Aerie brands. The company operates its business through three segments: American Eagle Outfitters, Aerie and AEO Direct. American Eagle Outfitters was founded in 1977 and is headquartered in Pittsburgh, PA.