American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $12.00 at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO) had its price target dropped by research analysts at Telsey Advisory Group from $18.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 4.91% from the company’s previous close.

AEO has been the topic of a number of other research reports. Bank of America reduced their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Morgan Stanley upgraded shares of American Eagle Outfitters from an “underperform” rating to an “equal weight” rating in a report on Tuesday. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of American Eagle Outfitters in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $18.40.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $11.44 on Thursday. American Eagle Outfitters has a 52 week low of $10.08 and a 52 week high of $26.25. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.82 and a beta of 1.57. The firm has a fifty day moving average of $15.01 and a two-hundred day moving average of $17.78.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was 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 at this hyperlink. 7.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the business. Zacks Investment Management bought a new position in American Eagle Outfitters during the 3rd quarter worth $931,000. Intech Investment Management LLC bought a new position in American Eagle Outfitters during the third quarter worth about $3,731,000. NFJ Investment Group LLC acquired a new stake in American Eagle Outfitters in the 3rd quarter worth about $2,680,000. Entropy Technologies LP bought a new stake in American Eagle Outfitters in the 4th quarter valued at about $378,000. Finally, Nordea Investment Management AB acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth approximately $1,557,000. 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.