TD Cowen Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $23.00

American Eagle Outfitters (NYSE:AEO) had its price objective dropped by research analysts at TD Cowen from $25.00 to $23.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the apparel retailer’s stock. TD Cowen’s price target would suggest a potential upside of 13.47% from the company’s current price.

A number of other analysts also recently commented on AEO. Morgan Stanley decreased their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.44.

American Eagle Outfitters Stock Down 2.5 %

NYSE AEO traded down $0.51 during trading hours on Friday, hitting $20.27. 313,283 shares of the stock were exchanged, compared to its average volume of 4,618,288. The stock has a 50-day moving average of $20.82 and a 200 day moving average of $22.41. American Eagle Outfitters has a 12-month low of $14.39 and a 12-month high of $26.44. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. On average, equities research analysts expect that American Eagle Outfitters will post 1.75 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by company insiders.

Institutional Trading of American Eagle Outfitters

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in American Eagle Outfitters during the first quarter valued at about $3,457,000. Seven Eight Capital LP acquired a new stake in shares of American Eagle Outfitters in the first quarter valued at about $1,445,000. Bayesian Capital Management LP purchased a new stake in shares of American Eagle Outfitters during the 1st quarter valued at about $598,000. Boulder Hill Capital Management LP acquired a new position in American Eagle Outfitters during the 4th quarter worth approximately $2,254,000. Finally, Capstone Investment Advisors LLC purchased a new position in American Eagle Outfitters in the 4th quarter worth approximately $830,000. 97.33% of the stock is owned by hedge funds and other 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.