American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price objective dropped by research analysts at Citigroup from $21.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the apparel retailer's stock. Citigroup's target price would suggest a potential upside of 1.52% from the stock's previous close.
Other equities research analysts also recently issued research reports about the company. UBS Group lowered their price target on American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $18.00 price target on shares of American Eagle Outfitters in a report on Thursday. StockNews.com raised American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Bank of America lowered their price target on American Eagle Outfitters from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Finally, BMO Capital Markets lowered their price target on American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.70.
Get Our Latest Analysis on American Eagle Outfitters
American Eagle Outfitters Stock Performance
AEO traded up $0.50 on Thursday, hitting $12.81. The company had a trading volume of 6,641,967 shares, compared to its average volume of 4,581,909. The stock has a fifty day moving average price of $15.38 and a 200-day moving average price of $18.07. American Eagle Outfitters has a 12-month low of $11.65 and a 12-month high of $26.25. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.82 and a beta of 1.57.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results 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. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Analysts forecast that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.
Insider Buying and Selling at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,999 shares of the business's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is currently owned by corporate insiders.
Institutional Trading of American Eagle Outfitters
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $4,891,000. Brucke Financial Inc. purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $256,000. ABLE Financial Group LLC increased its position in shares of 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 valued at $404,000 after buying an additional 1,587 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of American Eagle Outfitters by 46.8% in the fourth quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer's stock valued at $278,000 after buying an additional 5,323 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $175,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
American Eagle Outfitters Company Profile
(
Get Free Report)
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.
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