B. Riley Lowers American Eagle Outfitters (NYSE:AEO) to Neutral

American Eagle Outfitters (NYSE:AEOGet Rating) was downgraded by equities researchers at B. Riley from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports. They presently have a $13.00 target price on the apparel retailer’s stock, down from their prior target price of $22.00. B. Riley’s target price suggests a potential upside of 9.61% from the stock’s current price.

AEO has been the subject of a number of other research reports. Jefferies Financial Group dropped their price target on American Eagle Outfitters from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, March 3rd. UBS Group dropped their price target on American Eagle Outfitters to $34.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Barclays dropped their price objective on American Eagle Outfitters from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. Morgan Stanley cut American Eagle Outfitters from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $22.00 to $8.00 in a research report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. cut American Eagle Outfitters from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $15.00 in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.85.

American Eagle Outfitters stock opened at $11.86 on Friday. American Eagle Outfitters has a one year low of $11.43 and a one year high of $38.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.74. The business has a fifty day moving average of $14.34 and a two-hundred day moving average of $19.23. The company has a market cap of $2.01 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34.

American Eagle Outfitters (NYSE:AEOGet Rating) last released its earnings results on Thursday, May 26th. The apparel retailer reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). American Eagle Outfitters had a net margin of 7.07% and a return on equity of 28.05%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business posted $0.48 EPS. American Eagle Outfitters’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that American Eagle Outfitters will post 1.32 EPS for the current year.

In related news, EVP Andrew J. Mclean sold 24,958 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $18.00, for a total transaction of $449,244.00. Following the transaction, the executive vice president now directly owns 53,343 shares of the company’s stock, valued at approximately $960,174. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Joseph Spiegel purchased 20,000 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average cost of $12.00 per share, for a total transaction of $240,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $240,000. The disclosure for this purchase can be found here. Insiders own 8.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AEO. Cornerstone Advisory LLC purchased a new stake in American Eagle Outfitters during the 4th quarter worth approximately $26,000. Rockefeller Capital Management L.P. increased its holdings in American Eagle Outfitters by 73.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 620 shares during the last quarter. Elequin Capital LP bought a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $37,000. Canada Pension Plan Investment Board bought a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $37,000. Finally, Covestor Ltd bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $46,000.

American Eagle Outfitters Company Profile (Get Rating)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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