American Eagle Outfitters (NYSE:AEO) Cut 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 research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently commented on the company. Telsey Advisory Group decreased their target price on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. UBS Group decreased their target price on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Raymond James assumed coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Morgan Stanley reduced their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

American Eagle Outfitters Price Performance

NYSE AEO opened at $12.12 on Wednesday. The business has a 50 day simple moving average of $14.57 and a 200 day simple moving average of $17.46. American Eagle Outfitters has a one year low of $10.74 and a one year high of $26.25. The stock has a market capitalization of $2.33 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.82 and a beta of 1.57.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’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 value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Zacks Investment Management bought a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $931,000. Intech Investment Management LLC bought a new stake in American Eagle Outfitters during the third quarter worth $3,731,000. NFJ Investment Group LLC bought a new stake in American Eagle Outfitters during the third quarter worth $2,680,000. Smartleaf Asset Management LLC lifted its holdings in American Eagle Outfitters by 137.5% during 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 bought a new stake in American Eagle Outfitters during the fourth quarter worth $378,000. Institutional investors 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.