Telsey Advisory Group Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $18.00

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price target decreased by investment analysts at Telsey Advisory Group from $20.00 to $18.00 in a report released on Tuesday, Marketbeat reports. The brokerage presently has a "market perform" rating on the apparel retailer's stock. Telsey Advisory Group's target price indicates a potential upside of 12.78% from the stock's current price.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday. Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a "market perform" rating for the company. BMO Capital Markets cut their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday, December 5th. UBS Group reduced their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Finally, Bank of America lowered their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.90.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO traded up $0.47 during trading hours on Tuesday, hitting $15.96. The stock had a trading volume of 3,912,269 shares, compared to its average volume of 4,670,846. The stock's fifty day simple moving average is $17.61 and its 200 day simple moving average is $19.54. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a 1-year low of $15.36 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the firm posted $0.49 earnings per share. The business's revenue was down .9% on a year-over-year basis. As a group, research analysts anticipate that American Eagle Outfitters will post 1.69 EPS for the current year.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors have recently modified their holdings of AEO. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. boosted its holdings in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after acquiring an additional 1,608 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at about $141,000. Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters in the third quarter worth about $141,000. Finally, ORG Partners LLC acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $147,000. 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.