American Eagle Outfitters (NYSE:AEO) Rating Lowered to “Hold” at StockNews.com

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

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Bank of America cut their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Barclays lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. UBS Group dropped their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Trading Down 0.6 %

NYSE AEO opened at $11.83 on Wednesday. The firm’s fifty day simple moving average is $14.38 and its two-hundred day simple moving average is $17.39. American Eagle Outfitters has a 12-month low of $10.74 and a 12-month high of $26.25. The firm has a market capitalization of $2.27 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.82 and a beta of 1.57.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction 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 document filed with the SEC, which is available through this hyperlink. 7.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently added to or reduced their stakes in the business. Zacks Investment Management purchased a new stake in American Eagle Outfitters in the third quarter valued at $931,000. Intech Investment Management LLC acquired a new position in shares of American Eagle Outfitters in the third quarter worth about $3,731,000. NFJ Investment Group LLC acquired a new position in shares of American Eagle Outfitters in the third quarter worth about $2,680,000. Smartleaf Asset Management LLC raised its position in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 1,944 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of American Eagle Outfitters in the fourth quarter worth about $378,000. 97.33% of the stock is owned by hedge funds and other 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.