Wall Street Zen Downgrades American Eagle Outfitters (NYSE:AEO) to Sell

American Eagle Outfitters (NYSE:AEO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also recently issued reports on AEO. Barclays cut their target price on American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 12th. UBS Group cut their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Bank of America reduced their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Citigroup reaffirmed a “neutral” rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Finally, Telsey Advisory Group lifted their price target on shares of American Eagle Outfitters to $12.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.70.

American Eagle Outfitters Trading Down 0.1%

Shares of AEO stock opened at $10.13 on Friday. The company’s 50-day moving average price is $10.97 and its 200-day moving average price is $13.82. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.82 and a beta of 1.52. American Eagle Outfitters has a twelve month low of $9.45 and a twelve month high of $22.83.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict that American Eagle Outfitters will post 1.7 EPS for the current year.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors have recently modified their holdings of AEO. Rhumbline Advisers grew its stake in American Eagle Outfitters by 0.7% during the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer’s stock worth $6,141,000 after purchasing an additional 3,631 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of American Eagle Outfitters by 95.9% in the 1st quarter. Intech Investment Management LLC now owns 421,877 shares of the apparel retailer’s stock valued at $4,902,000 after buying an additional 206,541 shares during the period. Empowered Funds LLC grew its position in shares of American Eagle Outfitters by 9.6% during the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after buying an additional 1,398 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of American Eagle Outfitters during the first quarter worth approximately $857,000. Finally, Jones Financial Companies Lllp increased its stake in shares of American Eagle Outfitters by 1,238.2% during the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after buying an additional 48,624 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.