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

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

Other research analysts have also issued reports about the company. Morgan Stanley decreased their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Bank of America decreased their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

American Eagle Outfitters Trading Up 0.7 %

AEO stock opened at $12.12 on Wednesday. The firm has a market capitalization of $2.33 billion, a PE ratio of 10.35, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 1-year low of $10.74 and a 1-year high of $26.25. The business’s 50 day simple moving average is $14.57 and its 200 day simple moving average is $17.46.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Institutional investors and hedge funds have recently modified their holdings of the business. Investors Research Corp raised its position in American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after purchasing an additional 650 shares during the last quarter. MetLife Investment Management LLC raised its position in American Eagle Outfitters by 0.7% in the fourth 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 raised its position in American Eagle Outfitters by 5.2% in the fourth 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 increased its stake in shares of American Eagle Outfitters by 2.1% in the fourth 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 during the period. Finally, Blue Trust Inc. increased its stake in shares of 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 buying an additional 937 shares during the period. 97.33% of the stock is currently owned by institutional investors.

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.