American Eagle Outfitters (NYSE:AEO) Price Target Cut to $23.00

American Eagle Outfitters (NYSE:AEO) had its price target decreased by research analysts at TD Cowen from $25.00 to $23.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the apparel retailer’s stock. TD Cowen’s price target suggests a potential upside of 11.76% from the company’s current price.

A number of other brokerages also recently commented on AEO. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Telsey Advisory Group restated a “market perform” rating and issued a $25.00 price objective on shares of American Eagle Outfitters in a research report on Thursday. Finally, Morgan Stanley cut their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

American Eagle Outfitters Trading Down 1.0 %

Shares of NYSE:AEO opened at $20.58 on Friday. American Eagle Outfitters has a twelve month low of $14.39 and a twelve month high of $26.44. The company has a market cap of $4.04 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The company’s 50 day moving average is $20.83 and its 200 day moving average is $22.40.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities research analysts predict that American Eagle Outfitters will post 1.75 earnings per share for the current fiscal year.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after acquiring an additional 310,808 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Eagle Outfitters by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock valued at $232,846,000 after purchasing an additional 284,965 shares in the last quarter. American Century Companies Inc. grew its position in shares of American Eagle Outfitters by 18.1% in the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after purchasing an additional 684,420 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after purchasing an additional 865,355 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in American Eagle Outfitters by 165.4% during the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after buying an additional 1,936,938 shares in the last quarter. Hedge funds and other 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.