American Eagle Outfitters (NYSE:AEO) Rating Lowered to Hold at StockNews.com

American Eagle Outfitters (NYSE:AEO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts have also weighed in on the stock. Barclays reduced their price objective on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Bank of America reduced their price objective 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, December 5th. Telsey Advisory Group reduced their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their price target 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.10.

American Eagle Outfitters Trading Down 4.3 %

NYSE:AEO opened at $15.54 on Tuesday. The company has a 50-day moving average price of $17.61 and a 200-day moving average price of $19.54. American Eagle Outfitters has a 12 month low of $15.36 and a 12 month high of $26.44. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.12 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (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 4.28% and a return on equity of 20.75%. American Eagle Outfitters’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. Equities analysts forecast that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of American Eagle Outfitters during the third quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its position in shares of American Eagle Outfitters by 171.1% during the third 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. Wilmington Savings Fund Society FSB bought a new stake in shares of American Eagle Outfitters during the third quarter valued at approximately $141,000. Meeder Asset Management Inc. bought a new stake in shares of American Eagle Outfitters during the third quarter valued at approximately $141,000. Finally, ORG Partners LLC bought a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $147,000. Hedge funds and other institutional investors 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.