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

American Eagle Outfitters (NYSE:AEO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other research analysts also recently weighed in on AEO. UBS Group reduced their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Bank of America reduced their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. Morgan Stanley reduced their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Stock Down 0.6 %

AEO opened at $11.83 on Wednesday. American Eagle Outfitters has a twelve month low of $10.74 and a twelve month high of $26.25. The company has a 50-day moving average price of $14.38 and a 200 day moving average price of $17.39. The company has a market cap of $2.27 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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 company. Blue Trust Inc. grew its stake in shares of American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares during the period. Huntington National Bank increased its holdings in American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 1,475 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Principal Securities Inc. increased its holdings in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 2,463 shares during the last quarter. Finally, Park Place Capital Corp acquired a new stake in American Eagle Outfitters in the 4th quarter valued at approximately $45,000. 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.