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

American Eagle Outfitters (NYSE:AEO - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Several other equities analysts have also issued reports on AEO. Morgan Stanley lowered their price target on 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. BMO Capital Markets reissued a "market perform" rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Raymond James assumed coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. decreased their target price on 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. Finally, UBS Group decreased their target price on 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. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and an average price target of $16.00.

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American Eagle Outfitters Stock Performance

Shares of AEO traded up $0.31 during trading hours on Wednesday, hitting $12.15. The company had a trading volume of 10,717,351 shares, compared to its average volume of 4,711,666. The firm has a fifty day moving average price of $14.30 and a 200-day moving average price of $17.33. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 52-week low of $10.74 and a 52-week high of $26.25.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.30% of the company's stock.

Institutional Trading of American Eagle Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in American Eagle Outfitters in the fourth quarter worth $4,891,000. Brucke Financial Inc. purchased a new stake in American Eagle Outfitters in the fourth quarter worth $256,000. ABLE Financial Group LLC increased its stake in American Eagle Outfitters by 7.0% in the fourth quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer's stock worth $404,000 after purchasing an additional 1,587 shares during the period. Mackenzie Financial Corp increased its stake in American Eagle Outfitters by 46.8% in the fourth quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer's stock worth $278,000 after purchasing an additional 5,323 shares during the period. Finally, CTC Alternative Strategies Ltd. purchased a new stake in American Eagle Outfitters in the fourth quarter worth $175,000. Hedge funds and other 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.