BMO Capital Markets Issues Pessimistic Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price target lowered by equities research analysts at BMO Capital Markets from $22.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ price target indicates a potential upside of 11.23% from the company’s previous close.

A number of other equities analysts have also commented on the stock. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $23.00 price target (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday. Jefferies Financial Group reduced their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Finally, Bank of America dropped their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Up 2.1 %

Shares of NYSE:AEO opened at $17.98 on Thursday. American Eagle Outfitters has a 12-month low of $16.88 and a 12-month high of $26.44. The business has a 50 day moving average of $19.62 and a 200-day moving average of $20.44. The stock has a market cap of $3.45 billion, a PE ratio of 15.37, a P/E/G ratio of 0.99 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. 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 $1.30 billion. During the same period last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts expect that American Eagle Outfitters will post 1.77 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This represents a 13.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last three months. 7.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in shares of American Eagle Outfitters by 2.2% during the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer’s stock valued at $14,266,000 after acquiring an additional 15,038 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in American Eagle Outfitters in the third quarter valued at $141,000. Barclays PLC increased its holdings in American Eagle Outfitters by 51.8% in the third quarter. Barclays PLC now owns 298,263 shares of the apparel retailer’s stock valued at $6,679,000 after purchasing an additional 101,795 shares during the period. Zacks Investment Management bought a new position in American Eagle Outfitters during the 3rd quarter worth $931,000. Finally, EP Wealth Advisors LLC acquired a new position in American Eagle Outfitters during the 3rd quarter worth about $390,000. 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.