American Eagle Outfitters (NYSE:AEO) Downgraded by StockNews.com to “Hold”

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

Other analysts have also issued reports about the company. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price objective on shares of American Eagle Outfitters in a report on Thursday, March 6th. Bank of America decreased their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. decreased their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Raymond James began coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets decreased their target price on 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. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.70.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $11.49 on Monday. American Eagle Outfitters has a 1 year low of $11.36 and a 1 year high of $26.25. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.82 and a beta of 1.57. The stock’s 50-day simple moving average is $15.12 and its 200-day simple moving average is $17.82.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of American Eagle Outfitters by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock worth $170,431,000 after buying an additional 413,193 shares during the period. Wellington Management Group LLP lifted its position in American Eagle Outfitters by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock worth $165,594,000 after purchasing an additional 184,067 shares during the period. American Century Companies Inc. lifted its position in American Eagle Outfitters by 9.4% in the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock worth $91,774,000 after purchasing an additional 472,683 shares during the period. Victory Capital Management Inc. lifted its position in American Eagle Outfitters by 40.6% in the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares during the period. Finally, Principal Financial Group Inc. lifted its position in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares during the period. 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.