American Eagle Outfitters (NYSE:AEO) Given New $17.00 Price Target at Barclays

American Eagle Outfitters (NYSE:AEOGet Free Report) had its price objective reduced by analysts at Barclays from $19.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s price objective indicates a potential upside of 9.67% from the company’s current price.

AEO has been the topic of several other research reports. Needham & Company LLC initiated coverage on shares of American Eagle Outfitters in a report on Thursday, March 26th. They set a “hold” rating on the stock. UBS Group reissued a “buy” rating on shares of American Eagle Outfitters in a research report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of American Eagle Outfitters in a research note on Wednesday, March 25th. Citigroup upped their target price on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Finally, TD Cowen lowered their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.64.

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American Eagle Outfitters Stock Performance

AEO traded down $2.42 on Friday, reaching $15.50. 3,850,406 shares of the company’s stock were exchanged, compared to its average volume of 5,512,380. American Eagle Outfitters has a twelve month low of $9.27 and a twelve month high of $28.46. The company’s 50 day moving average is $17.17 and its 200-day moving average is $21.12. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.25 and a beta of 1.38.

American Eagle Outfitters (NYSE:AEOGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company posted ($0.29) earnings per share. American Eagle Outfitters’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that American Eagle Outfitters will post 1.75 EPS for the current year.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The disclosure for this sale is available in the SEC filing. Insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors have recently made changes to their positions in AEO. Marshall Wace LLP grew its position in shares of American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after buying an additional 4,959,039 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after acquiring an additional 3,926,230 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in American Eagle Outfitters during the 4th quarter worth $40,954,000. Segall Bryant & Hamill LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth about $23,395,000. Finally, Lazard Asset Management LLC raised its stake in shares of American Eagle Outfitters by 794.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer’s stock valued at $21,643,000 after purchasing an additional 1,151,091 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters News Roundup

Here are the key news stories impacting American Eagle Outfitters this week:

American Eagle Outfitters Company Profile

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American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

Further Reading

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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