American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $13.00 at Bank of America

American Eagle Outfitters (NYSE:AEO) had its target price decreased by equities research analysts at Bank of America from $18.00 to $13.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Bank of America‘s price objective would indicate a potential upside of 18.99% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Telsey Advisory Group lowered their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $17.00 to $10.00 in a research report on Tuesday. UBS Group dropped their price target on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.00.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $10.93 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 1 year low of $10.92 and a 1 year high of $26.25. The stock has a fifty day moving average price of $15.01 and a 200 day moving average price of $17.78.

Insider Buying and Selling at American Eagle Outfitters

In related 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 transaction of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its stake in shares of American Eagle Outfitters by 3.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer’s stock valued at $1,976,000 after acquiring an additional 3,264 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of American Eagle Outfitters during the third quarter worth approximately $1,827,000. Natixis Advisors LLC grew its position in shares of American Eagle Outfitters by 514.1% during the third quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer’s stock worth $6,581,000 after buying an additional 246,070 shares in the last quarter. Quest Partners LLC increased its stake in shares of American Eagle Outfitters by 40.3% in the third quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer’s stock worth $342,000 after buying an additional 4,384 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in American Eagle Outfitters during the 3rd quarter valued at $141,000. 97.33% of the stock is 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.