American Eagle Outfitters Price Target Cut to $15.00 by Analysts at BMO Capital Markets (AEO)
Equities researchers at BMO Capital Markets dropped their target price on shares of American Eagle Outfitters (NYSE:AEO) from $16.00 to $15.00 in a research report issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 1.63% from the company’s current price.
The analysts wrote, “We believe the 3Q outlook, coming off a major miss, is overly cautious, as management looks to fully reset the bar. However, we continue to see the challenges from 2Q bleeding into the back half of the year, as BTS is often a leading indicator for holiday. Further, adjustments to the assortment and marketing will not be immediate, particularly with Executive Creative Director Roger Markfield set to leave his position in early 2014. On the margin side, AEO’s heavily promotional stance has eroded pricing credibility. We see a lack of significant margin drivers, as IMU tailwinds subside, sharper price points on core basics limit AUR expansion, and investments in longer-term growth vehicles (DTC, Factory, and international) offset recent SG&A reductions.”
AEO has been the subject of a number of other recent research reports. Analysts at Barclays Capital cut their price target on shares of American Eagle Outfitters from $23.00 to $19.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Oppenheimer cut their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of American Eagle Outfitters from $22.00 to $20.00 in a research note to investors on Wednesday.
Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $18.90.
American Eagle Outfitters (NYSE:AEO) traded up 1.71% on Thursday, hitting $15.0126. The stock had a trading volume of 6,393,827 shares. American Eagle Outfitters has a 1-year low of $14.33 and a 1-year high of $23.94. The stock has a 50-day moving average of $18.27 and a 200-day moving average of $19.25. The company has a market cap of $2.892 billion and a price-to-earnings ratio of 13.37.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $727.00 million for the quarter, compared to the consensus estimate of $719.25 million. During the same quarter last year, the company posted $0.21 earnings per share. American Eagle Outfitters’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post $1.19 EPS for the current fiscal year.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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