Barclays Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price target cut by equities research analysts at Barclays from $26.00 to $22.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the apparel retailer's stock. Barclays's price objective points to a potential upside of 22.36% from the stock's current price.

AEO has been the subject of several other research reports. TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating for the company in a report on Friday, August 30th. Bank of America cut their price target on shares of American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday. UBS Group lowered their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday. Telsey Advisory Group reduced their price target on American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday. Finally, BMO Capital Markets cut their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.40.

American Eagle Outfitters Price Performance

AEO traded up $0.37 during mid-day trading on Friday, hitting $17.98. The stock had a trading volume of 8,898,038 shares, compared to its average volume of 4,651,198. The stock's fifty day simple moving average is $19.70 and its 200-day simple moving average is $20.48. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. American Eagle Outfitters has a 1-year low of $16.88 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. American Eagle Outfitters's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, research analysts expect that American Eagle Outfitters will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director David M. Sable sold 18,420 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now directly owns 39,356 shares of the company's stock, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is currently owned by company insiders.

Institutional Trading of American Eagle Outfitters

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp raised its holdings in shares of American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer's stock valued at $1,035,000 after purchasing an additional 650 shares during the last quarter. Arizona State Retirement System boosted its holdings in American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer's stock worth $1,049,000 after buying an additional 963 shares during the period. Louisiana State Employees Retirement System grew its stake in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer's stock valued at $1,856,000 after buying an additional 1,000 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer's stock valued at $1,112,000 after acquiring an additional 1,033 shares during the period. Finally, Alhambra Investment Management LLC lifted its position in shares of American Eagle Outfitters by 7.8% during the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer's stock worth $305,000 after acquiring an additional 1,111 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

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.