Wall Street Zen Downgrades American Eagle Outfitters (NYSE:AEO) to Sell

American Eagle Outfitters (NYSE:AEO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on AEO. Bank of America cut their target price on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. UBS Group lowered their target price on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Barclays decreased their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. BMO Capital Markets decreased their price objective on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a report on Wednesday, May 14th. Finally, Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $14.70.

American Eagle Outfitters Price Performance

NYSE AEO opened at $10.13 on Friday. American Eagle Outfitters has a 1-year low of $9.45 and a 1-year high of $22.83. The company has a market cap of $1.76 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.52. The stock's 50 day simple moving average is $10.97 and its 200-day simple moving average is $13.86.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The company's quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after buying an additional 937 shares during the last quarter. Huntington National Bank boosted its holdings in American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 1,475 shares during the period. GAMMA Investing LLC boosted its holdings in American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 1,841 shares during the period. Principal Securities Inc. boosted its holdings in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after purchasing an additional 2,463 shares during the period. Finally, State of Wyoming bought a new stake in American Eagle Outfitters in the 4th quarter valued at about $49,000. 97.33% of the stock is owned by institutional investors.

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.

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