American Eagle Outfitters (NYSE:AEO) Stock Rating Lowered by StockNews.com

American Eagle Outfitters (NYSE:AEO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other analysts also recently weighed in on the company. UBS Group reduced their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Jefferies Financial Group dropped their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Telsey Advisory Group restated a “market perform” rating and issued a $18.00 price target on shares of American Eagle Outfitters in a research report on Thursday, March 6th. Citigroup dropped their price target on American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $19.00 to $17.00 in a research report on Wednesday, February 5th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $11.49 on Monday. American Eagle Outfitters has a fifty-two week low of $11.36 and a fifty-two week high of $26.25. The company has a market capitalization of $2.21 billion, a P/E ratio of 9.82, a PEG ratio of 0.82 and a beta of 1.57. The stock has a 50-day simple moving average of $15.12 and a 200-day simple moving average of $17.82.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in American Eagle Outfitters by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock valued at $170,431,000 after acquiring an additional 413,193 shares during the last quarter. Wellington Management Group LLP raised its position in American Eagle Outfitters by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock valued at $165,594,000 after purchasing an additional 184,067 shares during the period. American Century Companies Inc. raised its position in American Eagle Outfitters by 9.4% in the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after purchasing an additional 472,683 shares during the period. Victory Capital Management Inc. raised its position in American Eagle Outfitters by 40.6% in the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after purchasing an additional 1,262,693 shares during the period. Finally, Principal Financial Group Inc. raised its position in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after purchasing an additional 226,821 shares during the period. 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.