American Eagle Outfitters (NYSE:AEO) Lowered to “Hold” Rating by Wall Street Zen

American Eagle Outfitters (NYSE:AEO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other equities analysts also recently weighed in on the company. Weiss Ratings downgraded American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Needham & Company LLC initiated coverage on American Eagle Outfitters in a report on Thursday, March 26th. They issued a “hold” rating for the company. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.91.

American Eagle Outfitters Trading Up 0.7%

AEO traded up $0.12 during trading on Friday, hitting $16.80. The company’s stock had a trading volume of 2,666,505 shares, compared to its average volume of 4,475,604. American Eagle Outfitters has a twelve month low of $9.58 and a twelve month high of $28.46. The stock has a market cap of $2.82 billion, a PE ratio of 10.37, a PEG ratio of 3.67 and a beta of 1.31. The firm’s 50 day moving average price is $16.88 and its 200-day moving average price is $20.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned ($0.29) earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, analysts expect that American Eagle Outfitters will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The SEC filing for this sale provides additional information. 8.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new stake in American Eagle Outfitters during the 4th quarter worth $32,000. Strategic Investment Solutions Inc. IL increased its stake in American Eagle Outfitters by 50.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares during the period. Farther Finance Advisors LLC lifted its holdings in American Eagle Outfitters by 177.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after buying an additional 1,134 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in American Eagle Outfitters by 31.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after buying an additional 447 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

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.