American Eagle Outfitters (NYSE:AEO) Earns “Market Perform” Rating from Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $18.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 48.45% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lowered 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 research report on Tuesday, November 12th. UBS Group cut their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Bank of America decreased their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Raymond James initiated coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.44.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $12.13 on Thursday. American Eagle Outfitters has a 1 year low of $11.65 and a 1 year high of $26.44. The stock has a market cap of $2.33 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.82 and a beta of 1.57. The stock has a 50-day simple moving average of $15.46 and a 200-day simple moving average of $18.11.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that American Eagle Outfitters will post 1.7 EPS for the current year.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in American Eagle Outfitters in the 3rd quarter valued at about $233,000. Verity Asset Management Inc. purchased a new position in shares of American Eagle Outfitters during the third quarter valued at approximately $470,000. ABLE Financial Group LLC boosted its position in American Eagle Outfitters by 18.4% during the third quarter. ABLE Financial Group LLC now owns 22,634 shares of the apparel retailer’s stock worth $507,000 after acquiring an additional 3,515 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in American Eagle Outfitters by 3.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer’s stock worth $1,976,000 after acquiring an additional 3,264 shares during the last quarter. Finally, Versor Investments LP grew its stake in American Eagle Outfitters by 134.2% in the 3rd quarter. Versor Investments LP now owns 65,800 shares of the apparel retailer’s stock worth $1,473,000 after acquiring an additional 37,700 shares during the period. 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.