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

American Eagle Outfitters (NYSE:AEO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

AEO has been the subject of a number of other reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday. Barclays reduced their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group lowered their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley reduced their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. Finally, TD Cowen decreased their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $25.33.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO traded down $0.20 during trading on Monday, reaching $20.58. The company had a trading volume of 6,678,000 shares, compared to its average volume of 4,656,173. The firm’s fifty day moving average is $20.82 and its 200 day moving average is $22.39. The firm has a market capitalization of $4.04 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. American Eagle Outfitters has a twelve month low of $14.39 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts predict that American Eagle Outfitters will post 1.79 earnings per share for the current fiscal year.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. 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 owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares in the last quarter. UMB Bank n.a. acquired a new stake in American Eagle Outfitters during the first quarter worth $27,000. Nomura Asset Management Co. Ltd. increased its holdings in American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 600 shares during the period. NBC Securities Inc. bought a new stake in American Eagle Outfitters in the 1st quarter valued at $59,000. Finally, Federated Hermes Inc. raised its stake in shares of American Eagle Outfitters by 54.2% in the 4th quarter. Federated Hermes Inc. now owns 2,984 shares of the apparel retailer’s stock valued at $63,000 after buying an additional 1,049 shares in the last quarter. 97.33% of the stock is 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.