Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) Price Target at $20.44

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.70.

AEO has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Morgan Stanley lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $19.00 to $17.00 in a research report on Wednesday, February 5th. 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 report on Wednesday, January 8th. Bank of America dropped their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Citigroup cut their target price on shares of American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of AEO. Blue Trust Inc. grew its stake in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank lifted its holdings 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 worth $34,000 after buying an additional 1,475 shares during the period. Principal Securities Inc. grew its position in shares of 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 worth $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $45,000. Finally, State of Wyoming bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $49,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $12.11 on Tuesday. American Eagle Outfitters has a 52-week low of $11.65 and a 52-week high of $26.25. The stock has a fifty day moving average of $15.22 and a 200 day moving average of $17.89. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.82 and a beta of 1.57.

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.