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Jefferies Thinks American Eagle’s Stock is Going to Recover

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In a report released yesterday, Corey Tarlowe from Jefferies maintained a Buy rating on American Eagle (AEOResearch Report), with a price target of $42.00. The company’s shares closed last Wednesday at $23.37, close to its 52-week low of $21.83.

According to TipRanks.com, Tarlowe is a 1-star analyst with an average return of -3.8% and a 39.1% success rate. Tarlowe covers the Consumer Goods sector, focusing on stocks such as Abercrombie Fitch, Victoria’s Secret, and Burlington Stores.

American Eagle has an analyst consensus of Moderate Buy, with a price target consensus of $34.88, a 43.5% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $31.00 price target.

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Based on American Eagle’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.27 billion and net profit of $152 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $58.11 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock.

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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. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom. It also acquired two emerging brands to complement its existing brands, Tailgate, a vintage sports-inspired apparel brand, and Todd Snyder New York, a premium menswear brand. The company was founded in 1977 and is headquartered in Pittsburgh, PA.

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