Bank of America Issues Pessimistic Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price objective cut by analysts at Bank of America from $21.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Bank of America‘s target price would indicate a potential upside of 15.33% from the company’s previous close.

AEO has been the topic of a number of other research reports. Barclays cut their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Telsey Advisory Group cut their price target on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Tuesday. UBS Group lowered their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Raymond James initiated coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.60.

American Eagle Outfitters Trading Down 3.1 %

Shares of NYSE AEO opened at $15.61 on Wednesday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.53. American Eagle Outfitters has a twelve month low of $15.36 and a twelve month high of $26.44. The business has a 50 day simple moving average of $17.48 and a 200-day simple moving average of $19.49.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts predict that American Eagle Outfitters will post 1.68 earnings per share for the current year.

Institutional Trading of American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in AEO. Investors Research Corp increased its stake in shares of American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after acquiring an additional 650 shares during the period. Segall Bryant & Hamill LLC boosted its stake in American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after purchasing an additional 1,033 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at $32,000. Diversified Trust Co raised its stake in shares of American Eagle Outfitters by 4.3% in the 3rd quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock worth $792,000 after buying an additional 1,443 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of American Eagle Outfitters by 7.5% in the third quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer’s stock valued at $467,000 after buying an additional 1,446 shares during the period. 97.33% of the stock is currently 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.