BidaskClub Downgrades American Eagle Outfitters, Inc. (NYSE:AEO) to Sell

American Eagle Outfitters, Inc. (NYSE:AEO) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, July 27th.

AEO has been the topic of a number of other research reports. B. Riley downgraded American Eagle Outfitters from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $15.00 in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price objective on shares of American Eagle Outfitters in a research note on Friday, May 12th. Deutsche Bank AG downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Jefferies Group LLC set a $19.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, FBR & Co cut their target price on American Eagle Outfitters from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, May 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $15.73.

American Eagle Outfitters (NYSE:AEO) opened at 12.13 on Thursday. The company has a 50 day moving average of $11.70 and a 200 day moving average of $13.27. The company has a market capitalization of $2.15 billion, a PE ratio of 11.22 and a beta of 1.09. American Eagle Outfitters has a 52-week low of $10.56 and a 52-week high of $19.55.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The firm had revenue of $761.80 million during the quarter, compared to the consensus estimate of $741.76 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters will post $1.09 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Eagle Outfitters by 8,781.1% in the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after buying an additional 17,572,904 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in shares of American Eagle Outfitters by 34.0% in the second quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock worth $69,137,000 after buying an additional 1,456,748 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American Eagle Outfitters by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,533,136 shares of the apparel retailer’s stock worth $77,632,000 after buying an additional 195,950 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of American Eagle Outfitters by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 4,862,716 shares of the apparel retailer’s stock worth $68,224,000 after buying an additional 289,265 shares during the period. Finally, Mackay Shields LLC boosted its stake in shares of American Eagle Outfitters by 67.8% in the second quarter. Mackay Shields LLC now owns 2,560,914 shares of the apparel retailer’s stock worth $30,859,000 after buying an additional 1,034,486 shares during the period. Institutional investors and hedge funds own 90.53% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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