Bank of America Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price objective cut by analysts at Bank of America from $18.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the apparel retailer's stock. Bank of America's price objective points to a potential upside of 7.30% from the company's current price.

AEO has been the topic of a number of other research reports. Barclays downgraded American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $17.00 to $10.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Morgan Stanley cut their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $16.00.

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American Eagle Outfitters Stock Up 0.7 %

Shares of AEO stock traded up $0.09 on Friday, reaching $12.12. The company's stock had a trading volume of 7,219,738 shares, compared to its average volume of 4,693,430. The stock's 50 day simple moving average is $14.66 and its 200-day simple moving average is $17.52. American Eagle Outfitters has a 12-month low of $10.74 and a 12-month high of $26.25. The company has a market capitalization of $2.33 billion, a P/E ratio of 10.35, a PEG ratio of 0.82 and a beta of 1.57.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of large investors have recently added to or reduced their stakes in AEO. State of New Jersey Common Pension Fund D lifted its stake in American Eagle Outfitters by 3.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer's stock worth $1,976,000 after purchasing an additional 3,264 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at about $1,827,000. Natixis Advisors LLC grew its holdings in American Eagle Outfitters by 514.1% during the 3rd quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer's stock valued at $6,581,000 after purchasing an additional 246,070 shares during the last quarter. Quest Partners LLC grew its holdings in American Eagle Outfitters by 40.3% during the 3rd quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer's stock valued at $342,000 after purchasing an additional 4,384 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in American Eagle Outfitters during the 3rd quarter valued at about $141,000. 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.