StockNews.com Lowers American Eagle Outfitters (NYSE:AEO) to Hold

American Eagle Outfitters (NYSE:AEOGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts also recently commented on the stock. Citigroup upped their target price on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, March 8th. Bank of America increased their price objective on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. UBS Group raised their target price on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, TD Cowen raised their target price on shares of American Eagle Outfitters from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.82.

View Our Latest Stock Analysis on American Eagle Outfitters

American Eagle Outfitters Trading Down 2.2 %

Shares of AEO stock opened at $25.10 on Tuesday. American Eagle Outfitters has a 1 year low of $9.95 and a 1 year high of $26.44. The firm’s 50 day moving average is $23.00 and its 200-day moving average is $20.18. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.22 and a beta of 1.59.

American Eagle Outfitters (NYSE:AEOGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.11. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $0.37 earnings per share. American Eagle Outfitters’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters will post 1.71 earnings per share for the current fiscal year.

American Eagle Outfitters declared that its Board of Directors has initiated a share buyback program on Thursday, February 1st that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the apparel retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 60,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $20.73, for a total transaction of $1,243,800.00. Following the transaction, the insider now directly owns 232,459 shares of the company’s stock, valued at $4,818,875.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 60,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $20.73, for a total transaction of $1,243,800.00. Following the transaction, the insider now owns 232,459 shares in the company, valued at $4,818,875.07. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jennifer M. Foyle sold 24,271 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $20.11, for a total transaction of $488,089.81. Following the transaction, the insider now owns 232,459 shares in the company, valued at approximately $4,674,750.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,074 shares of company stock worth $3,031,688. Company insiders own 7.50% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEO. Barclays PLC boosted its position in American Eagle Outfitters by 1,990.1% during the second quarter. Barclays PLC now owns 3,321,911 shares of the apparel retailer’s stock worth $39,201,000 after purchasing an additional 3,162,976 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of American Eagle Outfitters by 119,073.0% in the first quarter. Balyasny Asset Management L.P. now owns 2,752,896 shares of the apparel retailer’s stock valued at $36,999,000 after acquiring an additional 2,750,586 shares during the period. Wellington Management Group LLP boosted its position in shares of American Eagle Outfitters by 1,050.5% in the fourth quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock valued at $56,740,000 after acquiring an additional 2,448,400 shares during the period. Vanguard Group Inc. boosted its position in shares of American Eagle Outfitters by 15.6% in the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock valued at $170,967,000 after acquiring an additional 2,369,726 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of American Eagle Outfitters by 135.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,981,091 shares of the apparel retailer’s stock valued at $50,083,000 after acquiring an additional 1,713,420 shares during the period. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

(Get Free Report)

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.

Further Reading

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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