Telsey Advisory Group Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $12.00

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price target dropped by analysts at Telsey Advisory Group from $18.00 to $12.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the apparel retailer's stock. Telsey Advisory Group's price target would indicate a potential upside of 4.91% from the stock's current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday. UBS Group cut their target price on American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Morgan Stanley upgraded shares of American Eagle Outfitters from an "underperform" rating to an "equal weight" rating in a research note on Tuesday. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of American Eagle Outfitters in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of "Hold" and a consensus price target of $18.40.

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American Eagle Outfitters Stock Down 0.5 %

Shares of NYSE:AEO opened at $11.44 on Thursday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.82 and a beta of 1.57. The business has a 50 day moving average price of $15.01 and a 200 day moving average price of $17.78. American Eagle Outfitters has a twelve month low of $10.08 and a twelve month high of $26.25.

Insider Transactions at American Eagle Outfitters

In other 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 transaction of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 7.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEO. Blue Trust Inc. grew its stake in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank boosted its position in American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after buying an additional 1,475 shares during the last quarter. Principal Securities Inc. boosted its position in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $45,000. Finally, State of Wyoming bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $49,000. Institutional investors and hedge funds 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.

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