Bank of America Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $13.00

American Eagle Outfitters (NYSE:AEO) had its price target cut by equities researchers at Bank of America from $18.00 to $13.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Bank of America‘s price objective suggests a potential upside of 17.59% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Raymond James began coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating for the company. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday. Morgan Stanley decreased their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.00.

American Eagle Outfitters Trading Up 0.7 %

American Eagle Outfitters stock opened at $11.06 on Friday. American Eagle Outfitters has a 12 month low of $10.74 and a 12 month high of $26.25. The stock has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $17.61. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.82 and a beta of 1.57.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of the business. Investors Research Corp boosted its stake in shares of American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after acquiring an additional 650 shares during the period. MetLife Investment Management LLC lifted its holdings in American Eagle Outfitters by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer’s stock worth $1,766,000 after purchasing an additional 724 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its stake in American Eagle Outfitters by 5.2% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock worth $262,000 after purchasing an additional 783 shares during the period. TCM Advisors LLC grew its holdings in American Eagle Outfitters by 2.1% during the 4th quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer’s stock valued at $657,000 after buying an additional 800 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares during the last quarter. Hedge funds and other institutional investors 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.