UBS Group Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $32.00

American Eagle Outfitters (NYSE:AEO) had its price target lowered by analysts at UBS Group from $34.00 to $32.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the apparel retailer’s stock. UBS Group’s price target would indicate a potential upside of 77.98% from the company’s current price.

A number of other analysts have also issued reports on AEO. Bank of America lowered their target price on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays lowered their price objective 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, August 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 target price (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday. TD Cowen lowered their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.40.

American Eagle Outfitters Trading 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 firm’s 50-day moving average price is $19.62 and its 200-day moving average price is $20.44. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 0.99 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. American Eagle Outfitters’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts predict that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. This trade represents a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its stake in American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after acquiring an additional 141,628 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $3,731,000. Victory Capital Management Inc. grew its stake in shares of American Eagle Outfitters by 165.4% during the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares in the last quarter. Renaissance Technologies LLC purchased a new position in American Eagle Outfitters in the second quarter valued at $16,861,000. Finally, Dupree Financial Group LLC acquired a new stake in American Eagle Outfitters in the third quarter valued at $3,146,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

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.