American Eagle Outfitters (NYSE:AEO) Upgraded by StockNews.com to “Buy” Rating

American Eagle Outfitters (NYSE:AEO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other analysts also recently issued reports on the stock. Barclays reissued an “equal weight” rating and set a $17.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Bank of America dropped their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. BMO Capital Markets dropped their target price on 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. Finally, Jefferies Financial Group reduced their price target on shares of 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.00.

American Eagle Outfitters Trading Down 4.1 %

Shares of NYSE AEO traded down $0.57 during mid-day trading on Tuesday, reaching $13.34. The company had a trading volume of 4,827,569 shares, compared to its average volume of 4,154,977. American Eagle Outfitters has a 1-year low of $13.31 and a 1-year high of $26.44. The stock has a market cap of $2.56 billion, a PE ratio of 11.40, a P/E/G ratio of 0.82 and a beta of 1.53. The company has a 50-day moving average price of $15.93 and a two-hundred day moving average price of $18.45.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business posted $0.49 EPS. American Eagle Outfitters’s revenue was down .9% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters will post 1.7 EPS for the current year.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its position in shares of American Eagle Outfitters by 15.3% in the third quarter. Creative Planning now owns 24,222 shares of the apparel retailer’s stock valued at $542,000 after acquiring an additional 3,209 shares during the period. Sequoia Financial Advisors LLC bought a new position in American Eagle Outfitters during the third quarter worth $226,000. Mount Yale Investment Advisors LLC acquired a new position in American Eagle Outfitters during the 3rd quarter valued at $199,000. Wealth Enhancement Advisory Services LLC bought a new stake in American Eagle Outfitters in the 3rd quarter valued at $233,000. Finally, Nisa Investment Advisors LLC grew its position in American Eagle Outfitters by 7.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer’s stock worth $467,000 after purchasing an additional 1,446 shares during the last quarter. 97.33% of the stock is owned by 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.