StockNews.com Downgrades American Eagle Outfitters (NYSE:AEO) to Hold

American Eagle Outfitters (NYSE:AEO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other research firms have also issued reports on AEO. TD Cowen dropped their price objective 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. Morgan Stanley dropped their price objective on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, August 29th. UBS Group lowered their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Barclays lowered their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.33.

American Eagle Outfitters Trading Down 4.8 %

Shares of NYSE AEO opened at $19.59 on Monday. The stock has a fifty day simple moving average of $20.80 and a two-hundred day simple moving average of $22.37. American Eagle Outfitters has a 1-year low of $14.39 and a 1-year high of $26.44. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data 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 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% compared to the same quarter last year. Analysts forecast that American Eagle Outfitters will post 1.79 EPS for the current year.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in American Eagle Outfitters by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after acquiring an additional 310,808 shares during the last quarter. Dimensional Fund Advisors LP raised 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 valued at $232,846,000 after buying an additional 284,965 shares during the last quarter. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 18.1% in 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 in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after purchasing an additional 865,355 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares in the last quarter. 97.33% of the stock is owned by 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.