American Eagle Outfitters (NYSE:AEO) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of American Eagle Outfitters (NYSE:AEO) from a buy rating to a hold rating in a research report report published on Monday.

AEO has been the topic of a number of other research reports. BMO Capital Markets cut their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. Raymond James assumed coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating on the stock. Bank of America cut their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a report on Thursday, March 6th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and a consensus price target of $19.70.

American Eagle Outfitters Stock Down 0.5 %

Shares of NYSE AEO opened at $11.44 on Monday. The firm’s 50-day moving average price is $15.01 and its two-hundred day moving average price is $17.78. American Eagle Outfitters has a 52-week low of $11.33 and a 52-week high of $26.25. The stock has a market capitalization of $2.20 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.82 and a beta of 1.57.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in 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 period. Huntington National Bank lifted its position in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 1,475 shares during the period. Advisors Asset Management Inc. lifted its position in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the last quarter. Principal Securities Inc. lifted its position in shares of American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares during the last quarter. Finally, Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $45,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

About American Eagle Outfitters

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.