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

StockNews.com cut shares of American Eagle Outfitters (NYSE:AEO) from a buy rating to a hold rating in a report issued on Monday.

A number of other analysts have also recently weighed in on the stock. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a report on Thursday, March 6th. Jefferies Financial Group dropped their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their target price 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, Bank of America dropped their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $19.70.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO opened at $12.11 on Monday. The company’s 50 day simple moving average is $15.22 and its 200 day simple moving average is $17.89. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 1 year low of $11.65 and a 1 year high of $26.25.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by insiders.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently modified their holdings of AEO. Investors Research Corp lifted its stake in American Eagle Outfitters by 1.4% in the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after purchasing an additional 650 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of American Eagle Outfitters by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer’s stock valued at $1,766,000 after purchasing an additional 724 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in shares of American Eagle Outfitters by 5.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock valued at $262,000 after purchasing an additional 783 shares during the last quarter. TCM Advisors LLC grew its holdings in shares of 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 purchasing an additional 800 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other 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.