Telsey Advisory Group Reaffirms “Market Perform” Rating for American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They presently have a $12.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 7.77% from the company’s current price.

Other equities research analysts have also issued reports about the company. UBS Group dropped their price target 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. JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, May 14th. Barclays dropped their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 12th. Morgan Stanley dropped their price objective on American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Finally, BMO Capital Markets reduced their target price on American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $14.80.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $11.14 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. American Eagle Outfitters has a one year low of $9.45 and a one year high of $23.40. The company has a 50 day moving average price of $11.15 and a 200 day moving average price of $14.18.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, equities analysts forecast that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AEO. GAMMA Investing LLC grew its position in American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 1,841 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of 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 period. Huntington National Bank lifted its stake in shares of American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 1,475 shares during the period. Principal Securities Inc. boosted its holdings in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of American Eagle Outfitters by 38.7% during the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after acquiring an additional 1,165 shares during the period. Institutional investors own 97.33% of the company’s stock.

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.