American Eagle Outfitters (NYSE:AEO) PT Lowered to $11.00

American Eagle Outfitters (NYSE:AEOGet Rating) had its price target cut by Cowen from $13.00 to $11.00 in a research report sent to investors on Thursday, Stock Target Advisor reports. They currently have a market perform rating on the apparel retailer’s stock.

Several other brokerages have also recently commented on AEO. Barclays reduced their price target on American Eagle Outfitters from $19.00 to $13.00 and set an equal weight rating for the company in a research report on Tuesday, May 31st. Morgan Stanley cut American Eagle Outfitters from an equal weight rating to an underweight rating and reduced their price target for the company from $22.00 to $8.00 in a research report on Tuesday, May 31st. BMO Capital Markets dropped their price objective on American Eagle Outfitters from $23.00 to $15.00 in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on American Eagle Outfitters from $30.00 to $15.00 in a research note on Friday, May 27th. Finally, Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $15.00 to $13.00 and set a market perform rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, American Eagle Outfitters has an average rating of Hold and a consensus target price of $13.92.

American Eagle Outfitters Trading Up 1.0 %

NYSE AEO opened at $10.69 on Thursday. American Eagle Outfitters has a 12 month low of $9.94 and a 12 month high of $29.19. The company has a current ratio of 1.64, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.00 billion, a PE ratio of 11.75, a P/E/G ratio of 0.87 and a beta of 1.30. The stock has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $14.18.

American Eagle Outfitters (NYSE:AEOGet Rating) last posted its quarterly earnings data on Wednesday, September 7th. The apparel retailer reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.10). The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. American Eagle Outfitters had a return on equity of 19.05% and a net margin of 3.81%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. Research analysts forecast that American Eagle Outfitters will post 1.05 EPS for the current year.

Insider Transactions at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel bought 10,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were bought at an average price of $11.65 per share, for a total transaction of $116,500.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at $349,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have bought 11,932 shares of company stock worth $139,435. Company insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of large investors have recently added to or reduced their stakes in AEO. Select Equity Group L.P. grew its position in American Eagle Outfitters by 10.1% during the fourth quarter. Select Equity Group L.P. now owns 21,593,679 shares of the apparel retailer’s stock worth $546,752,000 after buying an additional 1,972,630 shares in the last quarter. Cooke & Bieler LP grew its position in American Eagle Outfitters by 31.7% during the first quarter. Cooke & Bieler LP now owns 7,760,030 shares of the apparel retailer’s stock worth $130,369,000 after buying an additional 1,869,390 shares in the last quarter. GMT Capital Corp acquired a new stake in American Eagle Outfitters during the second quarter worth approximately $19,648,000. Charles Schwab Investment Management Inc. grew its position in American Eagle Outfitters by 135.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,981,091 shares of the apparel retailer’s stock worth $50,083,000 after buying an additional 1,713,420 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in American Eagle Outfitters during the first quarter worth approximately $22,096,000.

American Eagle Outfitters Company Profile

(Get Rating)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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