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

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price objective reduced by investment analysts at UBS Group from $34.00 to $32.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the apparel retailer's stock. UBS Group's price target would indicate a potential upside of 81.66% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Barclays reduced their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $23.00 price target (down from $27.00) on shares of American Eagle Outfitters in a report on Wednesday. Bank of America decreased their target price 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. TD Cowen cut their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating for the company in a report on Friday, August 30th. Finally, Jefferies Financial Group decreased their price target on American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters currently has an average rating of "Hold" and an average target price of $22.80.

American Eagle Outfitters Trading Down 14.2 %

AEO stock traded down $2.93 on Thursday, hitting $17.62. The company's stock had a trading volume of 21,865,599 shares, compared to its average volume of 4,633,086. American Eagle Outfitters has a 1 year low of $16.88 and a 1 year high of $26.44. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. The firm has a 50 day moving average of $19.77 and a two-hundred day moving average of $20.50.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly 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. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts forecast that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David M. Sable sold 18,420 shares of the firm's stock in a transaction 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 sale, the director now owns 39,356 shares in the company, valued at $867,406.24. This trade represents a 31.88 % decrease in their ownership of the stock. The transaction 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 company's stock in a transaction on Thursday, September 19th. The shares were 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 of the company's stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of American Eagle Outfitters by 417.2% during the 2nd quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer's stock valued at $3,504,000 after buying an additional 141,628 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in American Eagle Outfitters in the second quarter valued at $1,059,000. Occidental Asset Management LLC grew its position in American Eagle Outfitters by 8.4% during the second quarter. Occidental Asset Management LLC now owns 83,481 shares of the apparel retailer's stock valued at $1,666,000 after acquiring an additional 6,445 shares during the period. Alhambra Investment Management LLC increased its stake in 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 during the last quarter. Finally, Diversified Trust Co raised its holdings in shares of American Eagle Outfitters by 8.3% in the 2nd quarter. Diversified Trust Co now owns 33,952 shares of the apparel retailer's stock worth $678,000 after purchasing an additional 2,611 shares during the period. Hedge funds and other 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.