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

StockNews.com cut shares of American Eagle Outfitters (NYSE:AEO) from a buy rating to a hold rating in a research note published on Monday morning.

Several other analysts also recently issued reports on the stock. Barclays reissued an “equal weight” rating and set a $17.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Morgan Stanley downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $19.00 to $17.00 in a research note on Wednesday, February 5th. Telsey Advisory Group reissued a “market perform” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $19.70.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $11.44 on Monday. American Eagle Outfitters has a one year low of $11.33 and a one year high of $26.25. The stock has a fifty day moving average of $15.01 and a 200-day moving average of $17.78. The company has a market capitalization of $2.20 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently bought and sold shares of the company. Zacks Investment Management bought a new stake in American Eagle Outfitters during the third quarter valued at about $931,000. Intech Investment Management LLC bought a new stake in American Eagle Outfitters during the third quarter valued at about $3,731,000. NFJ Investment Group LLC bought a new stake in American Eagle Outfitters during the third quarter valued at about $2,680,000. Entropy Technologies LP bought a new stake in American Eagle Outfitters during the fourth quarter valued at about $378,000. Finally, Nordea Investment Management AB bought a new stake in American Eagle Outfitters during the fourth quarter valued at about $1,557,000. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Company Profile

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.