UBS Group Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price target cut by UBS Group from $32.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. UBS Group’s price objective would indicate a potential upside of 153.28% from the company’s previous close.

AEO has been the topic of several other reports. Barclays lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $17.00 to $10.00 in a report on Tuesday. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday. Morgan Stanley upgraded shares of American Eagle Outfitters from an “underperform” rating to an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James started coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Trading Up 0.7 %

NYSE:AEO opened at $11.06 on Thursday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company’s 50-day moving average is $14.76 and its two-hundred day moving average is $17.65. American Eagle Outfitters has a 12-month low of $10.74 and a 12-month high of $26.25.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Large investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 937 shares in the last quarter. Huntington National Bank boosted its stake in shares of American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 1,475 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after buying an additional 2,463 shares during the last quarter. Finally, Park Place Capital Corp purchased a new position in shares of American Eagle Outfitters during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.