American Eagle Outfitters (NYSE:AEO) Price Target Cut to $15.00 by Analysts at Barclays

American Eagle Outfitters (NYSE:AEOGet Rating) had its price objective cut by equities researchers at Barclays from $17.00 to $15.00 in a report issued on Friday, The Fly reports. The brokerage presently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s target price points to a potential downside of 2.66% from the company’s previous close.

Several other equities research analysts also recently commented on AEO. Cowen upped their price objective on shares of American Eagle Outfitters to $15.00 in a report on Thursday, November 24th. UBS Group upped their price target on American Eagle Outfitters to $23.00 in a research report on Monday, November 28th. BMO Capital Markets upped their price target on American Eagle Outfitters from $10.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 23rd. Telsey Advisory Group upped their price target on American Eagle Outfitters from $13.00 to $17.00 and gave the company a “market perform” rating in a research report on Wednesday, November 23rd. Finally, StockNews.com upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.38.

American Eagle Outfitters Price Performance

NYSE AEO opened at $15.41 on Friday. The company has a market cap of $2.89 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. American Eagle Outfitters has a 52 week low of $9.46 and a 52 week high of $24.50. The company has a quick ratio of 0.70, a current ratio of 1.86 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $14.49 and its two-hundred day simple moving average is $12.44.

American Eagle Outfitters (NYSE:AEOGet Rating) last released its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. American Eagle Outfitters had a net margin of 2.42% and a return on equity of 13.56%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. Research analysts predict that American Eagle Outfitters will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in American Eagle Outfitters by 1.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 81,461 shares of the apparel retailer’s stock valued at $911,000 after acquiring an additional 1,061 shares during the last quarter. LPL Financial LLC boosted its stake in shares of American Eagle Outfitters by 4.7% during the second quarter. LPL Financial LLC now owns 24,782 shares of the apparel retailer’s stock valued at $277,000 after purchasing an additional 1,113 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of American Eagle Outfitters by 6.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock valued at $330,000 after purchasing an additional 1,241 shares during the period. Victory Capital Management Inc. boosted its stake in shares of American Eagle Outfitters by 3.9% during the second quarter. Victory Capital Management Inc. now owns 33,074 shares of the apparel retailer’s stock valued at $370,000 after purchasing an additional 1,246 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of American Eagle Outfitters by 17.6% during the third quarter. IFP Advisors Inc now owns 8,989 shares of the apparel retailer’s stock valued at $203,000 after purchasing an additional 1,343 shares during the period. 93.34% of the stock is currently owned by institutional investors.

American Eagle Outfitters Company Profile

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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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