Bank of America Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $18.00

American Eagle Outfitters (NYSE:AEO) had its price objective cut by analysts at Bank of America from $21.00 to $18.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Bank of America‘s price target points to a potential upside of 15.33% from the stock’s current price.

Several other research analysts have also weighed in on AEO. Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Barclays cut their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, December 6th. 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. Finally, Telsey Advisory Group cut their price target on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.60.

American Eagle Outfitters Stock Down 3.1 %

Shares of American Eagle Outfitters stock opened at $15.61 on Wednesday. American Eagle Outfitters has a 12 month low of $15.36 and a 12 month high of $26.44. The stock has a market cap of $3.00 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.53. The business has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $19.49.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted $0.49 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post 1.68 EPS for the current fiscal year.

Institutional Trading of American Eagle Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of AEO. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. boosted its holdings in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at about $141,000. Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters in the third quarter worth about $141,000. Finally, ORG Partners LLC acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $147,000. 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.