American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $12.00 at Morgan Stanley

American Eagle Outfitters (NYSE:AEO) had its price objective lowered by Morgan Stanley from $16.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the apparel retailer’s stock. Morgan Stanley’s price target would suggest a potential upside of 7.10% from the company’s current price.

AEO has been the topic of several other reports. UBS Group cut their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $17.00 to $10.00 in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.00.

American Eagle Outfitters Stock Down 2.1 %

NYSE AEO traded down $0.25 during trading on Thursday, hitting $11.21. The stock had a trading volume of 6,132,498 shares, compared to its average volume of 4,605,571. The company has a market capitalization of $2.15 billion, a PE ratio of 9.58, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a twelve month low of $10.08 and a twelve month high of $26.25. The firm has a 50 day moving average price of $15.01 and a 200 day moving average price of $17.78.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zacks Investment Management purchased a new position in shares of American Eagle Outfitters during the third quarter valued at approximately $931,000. Intech Investment Management LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $3,731,000. NFJ Investment Group LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth about $2,680,000. Entropy Technologies LP acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth approximately $378,000. Finally, Nordea Investment Management AB purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $1,557,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

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.