ValuEngine Downgrades American Eagle Outfitters (NYSE:AEO) to Hold

American Eagle Outfitters (NYSE:AEO) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

A number of other analysts have also commented on AEO. Morgan Stanley lifted their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. Citigroup lifted their price target on American Eagle Outfitters from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. JPMorgan Chase & Co. raised American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Wednesday, August 12th. Deutsche Bank lifted their price objective on American Eagle Outfitters from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Raymond James lifted their price objective on American Eagle Outfitters from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $13.67.

Shares of AEO stock opened at $15.39 on Tuesday. The business’s 50-day moving average price is $11.82 and its 200-day moving average price is $10.30. American Eagle Outfitters has a 12 month low of $6.53 and a 12 month high of $17.27. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -13.86 and a beta of 1.28. The company has a current ratio of 1.88, a quick ratio of 1.38 and a debt-to-equity ratio of 0.52.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.14. American Eagle Outfitters had a negative return on equity of 0.22% and a negative net margin of 4.86%. The firm had revenue of $883.50 million for the quarter, compared to analyst estimates of $837.24 million. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, sell-side analysts predict that American Eagle Outfitters will post -0.2 earnings per share for the current fiscal year.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 18,115 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $14.50, for a total value of $262,667.50. Following the transaction, the executive vice president now directly owns 18,115 shares of the company’s stock, valued at $262,667.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AEO. Schonfeld Strategic Advisors LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $1,186,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of American Eagle Outfitters by 21.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 90,600 shares of the apparel retailer’s stock valued at $988,000 after acquiring an additional 15,900 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of American Eagle Outfitters by 10.2% during the second quarter. PNC Financial Services Group Inc. now owns 27,634 shares of the apparel retailer’s stock valued at $301,000 after acquiring an additional 2,561 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $672,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $304,000.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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