American Eagle Outfitters (NYSE:AEO) Price Target Cut to $26.00

American Eagle Outfitters (NYSE:AEO) had its target price cut by investment analysts at Barclays from $32.00 to $26.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price target indicates a potential upside of 26.34% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Morgan Stanley decreased their price objective 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. TD Cowen decreased their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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 12 month low of $14.39 and a 12 month high of $26.44. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The company has a 50-day moving average price of $20.83 and a 200-day moving average price of $22.40.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that American Eagle Outfitters will post 1.75 EPS for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were 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 accessible through this hyperlink. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in American Eagle Outfitters by 1.5% in the first 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 stake in American Eagle Outfitters by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock worth $232,846,000 after buying an additional 284,965 shares during the last quarter. American Century Companies Inc. boosted its stake in American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares during the period. Jupiter Asset Management Ltd. grew its holdings in shares of American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after buying an additional 865,355 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in American Eagle Outfitters by 165.4% during the 2nd 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 during the last quarter. 97.33% of the stock is currently owned by hedge funds and other 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.