BMO Capital Markets Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $20.00

American Eagle Outfitters (NYSE:AEO) had its price objective decreased by equities researchers at BMO Capital Markets from $22.00 to $20.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ target price points to a potential upside of 13.77% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Telsey Advisory Group decreased their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday. UBS Group dropped their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America lowered their target price on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 price target (down from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.80.

American Eagle Outfitters Trading Down 14.4 %

AEO traded down $2.96 on Thursday, hitting $17.58. 10,575,538 shares of the company were exchanged, compared to its average volume of 4,582,462. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. The firm has a 50-day moving average price of $19.77 and a two-hundred day moving average price of $20.50. American Eagle Outfitters has a twelve month low of $16.88 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts expect that American Eagle Outfitters will post 1.77 EPS for the current year.

Insiders Place Their Bets

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by company insiders.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in AEO. SG Americas Securities LLC increased its holdings in American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock valued at $3,504,000 after buying an additional 141,628 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in American Eagle Outfitters during the second quarter worth $1,059,000. Occidental Asset Management LLC boosted its position in American Eagle Outfitters by 8.4% during the second quarter. Occidental Asset Management LLC now owns 83,481 shares of the apparel retailer’s stock worth $1,666,000 after purchasing an additional 6,445 shares in the last quarter. Alhambra Investment Management LLC increased its position in shares of American Eagle Outfitters by 7.8% in the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock valued at $305,000 after buying an additional 1,111 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of American Eagle Outfitters by 8.3% during the 2nd quarter. Diversified Trust Co now owns 33,952 shares of the apparel retailer’s stock worth $678,000 after buying an additional 2,611 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.