Telsey Advisory Group Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $18.00

American Eagle Outfitters (NYSE:AEO) had its target price reduced by investment analysts at Telsey Advisory Group from $20.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 15.83% from the stock’s current price.

AEO has been the topic of several other reports. Barclays cut their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Bank of America reduced their target price on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. dropped their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group lowered their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $21.90.

American Eagle Outfitters Trading Down 4.3 %

Shares of American Eagle Outfitters stock opened at $15.54 on Tuesday. The business has a 50-day moving average price of $17.61 and a two-hundred day moving average price of $19.54. American Eagle Outfitters has a 1-year low of $15.36 and a 1-year high of $26.44. The company has a market cap of $2.99 billion, a P/E ratio of 13.28, a PEG ratio of 1.12 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. grew its holdings in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in American Eagle Outfitters in the third quarter worth $141,000. Meeder Asset Management Inc. bought a new stake in shares of American Eagle Outfitters in the third quarter valued at $141,000. Finally, ORG Partners LLC purchased a new position in shares of American Eagle Outfitters during the 4th quarter valued at $147,000. Hedge funds and other 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.