American Eagle Outfitters (NYSE:AEO) Downgraded by StockNews.com

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

AEO has been the subject of several other reports. Telsey Advisory Group reiterated a market perform rating and issued a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, August 29th. Morgan Stanley lowered their price target on American Eagle Outfitters from $19.00 to $18.00 and set an underweight rating for the company in a report on Thursday, May 30th. UBS Group lowered their price target on American Eagle Outfitters from $35.00 to $34.00 and set a buy rating for the company in a report on Friday, August 30th. TD Cowen lowered their target price on American Eagle Outfitters from $25.00 to $23.00 and set a hold rating for the company in a research note on Friday, August 30th. Finally, Barclays lowered their target price on American Eagle Outfitters from $32.00 to $26.00 and set an overweight rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $25.33.

American Eagle Outfitters Stock Down 4.6 %

AEO stock opened at $19.25 on Monday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.96 and a beta of 1.50. The business has a fifty day simple moving average of $20.78 and a 200-day simple moving average of $22.33. American Eagle Outfitters has a 52 week low of $14.39 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts expect that American Eagle Outfitters will post 1.79 earnings per share for the current fiscal year.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of large investors have recently bought and sold shares of the business. Dana Investment Advisors Inc. lifted its holdings in American Eagle Outfitters by 10.9% in the second quarter. Dana Investment Advisors Inc. now owns 66,708 shares of the apparel retailer’s stock worth $1,331,000 after acquiring an additional 6,558 shares during the last quarter. Impala Asset Management LLC bought a new stake in American Eagle Outfitters during the second quarter worth approximately $5,489,000. Shellback Capital LP lifted its holdings in shares of American Eagle Outfitters by 40.0% in the second quarter. Shellback Capital LP now owns 875,000 shares of the apparel retailer’s stock valued at $17,465,000 after buying an additional 250,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in American Eagle Outfitters by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 103,514 shares of the apparel retailer’s stock valued at $2,066,000 after acquiring an additional 3,925 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in American Eagle Outfitters during the second quarter worth approximately $1,039,000. 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.