Morgan Stanley Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its target price lowered by research analysts at Morgan Stanley from $16.00 to $12.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Morgan Stanley’s target price points to a potential upside of 7.10% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Bank of America cut their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Telsey Advisory Group reduced their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. decreased their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

American Eagle Outfitters Stock Performance

AEO traded down $0.25 on Thursday, reaching $11.21. 6,132,498 shares of the company’s stock were exchanged, compared to its average volume of 4,605,571. American Eagle Outfitters has a twelve month low of $10.08 and a twelve month high of $26.25. The company’s 50 day moving average is $15.01 and its 200-day moving average is $17.78. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.82 and a beta of 1.57.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently made changes to their positions in the business. Zacks Investment Management bought a new position in shares of American Eagle Outfitters in the third quarter worth $931,000. Intech Investment Management LLC acquired a new stake in American Eagle Outfitters in the third quarter worth about $3,731,000. NFJ Investment Group LLC bought a new position in American Eagle Outfitters in the 3rd quarter valued at about $2,680,000. Entropy Technologies LP acquired a new position in American Eagle Outfitters during the 4th quarter valued at about $378,000. Finally, Nordea Investment Management AB acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $1,557,000. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.