American Eagle Outfitters (NYSE:AEO) Given New $18.00 Price Target at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO) had its target price cut by Telsey Advisory Group from $20.00 to $18.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 15.83% from the stock’s previous close.

A number of other research firms have also recently issued reports on AEO. BMO Capital Markets cut their target price 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. Raymond James started coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. UBS Group lowered their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America lowered their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.90.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $15.54 on Tuesday. The company has a 50-day simple moving average of $17.61 and a 200 day simple moving average of $19.54. The company has a market capitalization of $2.99 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a 52-week low of $15.36 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts forecast that American Eagle Outfitters will post 1.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in American Eagle Outfitters by 2.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after purchasing an additional 268,326 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $119,691,000. Victory Capital Management Inc. boosted its holdings in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after acquiring an additional 1,262,693 shares in the last quarter. Principal Financial Group Inc. grew its position in American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after acquiring an additional 226,821 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in American Eagle Outfitters by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after purchasing an additional 281,548 shares in the last quarter. 97.33% of the stock is currently 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.