American Eagle Outfitters (NYSE:AEO) Lowered to Hold Rating by StockNews.com

American Eagle Outfitters (NYSE:AEO) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other equities research analysts have also commented on AEO. Bank of America decreased 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 research note on Wednesday, January 15th. Barclays restated an “equal weight” rating and set a $17.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research note 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 for the company in a research note on Wednesday, January 8th. Raymond James initiated coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.70.

American Eagle Outfitters Trading Down 5.7 %

Shares of AEO traded down $0.73 on Monday, reaching $12.11. The company’s stock had a trading volume of 6,068,707 shares, compared to its average volume of 4,579,757. The stock has a market capitalization of $2.33 billion, a PE ratio of 10.35, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a twelve month low of $11.65 and a twelve month high of $26.25. The firm has a fifty day moving average of $15.22 and a 200-day moving average of $17.89.

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 that occurred on Thursday, January 16th. The shares were 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 SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by insiders.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $4,891,000. Brucke Financial Inc. bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $256,000. ABLE Financial Group LLC raised its position in shares of American Eagle Outfitters by 7.0% during the 4th quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer’s stock valued at $404,000 after purchasing an additional 1,587 shares during the period. Mackenzie Financial Corp raised its position in shares of American Eagle Outfitters by 46.8% during the 4th quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer’s stock valued at $278,000 after purchasing an additional 5,323 shares during the period. Finally, CTC Alternative Strategies Ltd. bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $175,000. 97.33% of the stock is currently owned by institutional investors.

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.