American Eagle Outfitters (NYSE:AEO) Given Equal Weight Rating at Barclays

American Eagle Outfitters (NYSE:AEO)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a report released on Wednesday,Benzinga reports. They currently have a $17.00 price objective on the apparel retailer’s stock, down from their prior price objective of $19.00. Barclays‘s target price points to a potential upside of 7.70% from the company’s previous close.

Several other brokerages have also issued reports on AEO. Jefferies Financial Group decreased their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets decreased their price target on shares of 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. Finally, Raymond James began coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

American Eagle Outfitters Stock Performance

AEO opened at $15.79 on Wednesday. The stock’s 50 day moving average price is $17.04 and its 200-day moving average price is $19.13. American Eagle Outfitters has a 52-week low of $15.36 and a 52-week high of $26.44. The stock has a market capitalization of $3.03 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. Research analysts forecast that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters in the third quarter worth $32,000. Blue Trust Inc. increased its stake in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Principal Securities Inc. raised its stake in American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $45,000. Finally, Advisors Asset Management Inc. raised its position in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

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.