American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $9.00 at Barclays

American Eagle Outfitters (NYSE:AEO) had its price target dropped by Barclays from $10.00 to $9.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the apparel retailer’s stock. Barclays‘s price objective would indicate a potential downside of 27.41% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Morgan Stanley reduced their price objective on American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Bank of America dropped their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. UBS Group dropped their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.30.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $12.40 on Monday. The firm has a 50 day simple moving average of $11.28 and a 200 day simple moving average of $14.88. American Eagle Outfitters has a 52 week low of $9.44 and a 52 week high of $25.15. The company has a market cap of $2.14 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AEO. Dimensional Fund Advisors LP lifted its position in shares of American Eagle Outfitters by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock worth $170,431,000 after purchasing an additional 413,193 shares in the last quarter. Wellington Management Group LLP raised its stake in American Eagle Outfitters by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock valued at $165,594,000 after purchasing an additional 184,067 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer’s stock valued at $90,534,000 after purchasing an additional 1,794,203 shares in the last quarter. American Century Companies Inc. grew its stake in shares of American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after purchasing an additional 472,683 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of American Eagle Outfitters by 22.2% in the 1st quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer’s stock worth $61,654,000 after purchasing an additional 962,730 shares during the last quarter. 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.