American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $13.00 at Citigroup

American Eagle Outfitters (NYSE:AEO) had its target price cut by equities researchers at Citigroup from $21.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price target suggests a potential upside of 6.95% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a report on Thursday. UBS Group decreased their price target on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Barclays reaffirmed an “equal weight” rating and issued a $17.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Finally, 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. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Stock Up 0.3 %

AEO traded up $0.04 during trading on Thursday, hitting $12.16. The company’s stock had a trading volume of 617,684 shares, compared to its average volume of 4,629,781. The firm has a market cap of $2.33 billion, a PE ratio of 10.42, a P/E/G ratio of 0.82 and a beta of 1.57. The business’s 50 day simple moving average is $15.46 and its 200-day simple moving average is $18.11. American Eagle Outfitters has a one year low of $11.65 and a one year high of $26.44.

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, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts expect that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of large investors have recently bought and sold shares of AEO. Blue Trust Inc. boosted its holdings 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 valued at $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank increased 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 acquiring an additional 1,475 shares in the last quarter. Principal Securities Inc. raised 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 worth $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth approximately $45,000. Finally, State of Wyoming acquired a new stake in American Eagle Outfitters during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.