American Eagle Outfitters (NYSE:AEO) Downgraded by Zacks Research to Hold

American Eagle Outfitters (NYSE:AEO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Morgan Stanley set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, March 5th. Royal Bank Of Canada set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. The Goldman Sachs Group started coverage on shares of American Eagle Outfitters in a report on Thursday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, UBS Group boosted their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $21.75.

American Eagle Outfitters Trading Down 3.2%

NYSE:AEO opened at $18.15 on Tuesday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.35 and a beta of 1.39. American Eagle Outfitters has a one year low of $9.27 and a one year high of $28.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.52. The business’s 50-day simple moving average is $24.20 and its 200 day simple moving average is $20.83.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned $0.54 EPS. American Eagle Outfitters’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total transaction of $48,651.36. Additional details regarding this sale are available in the official SEC disclosure. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of AEO. Vanguard Group Inc. lifted its holdings in American Eagle Outfitters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after acquiring an additional 249,158 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Eagle Outfitters by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,752,288 shares of the apparel retailer’s stock valued at $230,801,000 after purchasing an additional 77,758 shares during the last quarter. American Century Companies Inc. raised its position in shares of American Eagle Outfitters by 5.1% during the 3rd quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after purchasing an additional 320,750 shares during the period. State Street Corp raised its position in shares of American Eagle Outfitters by 0.6% during the 4th quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock worth $174,210,000 after purchasing an additional 39,334 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after purchasing an additional 680,332 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.