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American Eagle Outfitters (NYSE:AEO) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $18.00 target price on the stock, up from their previous target price of $14.31. Stifel Nicolaus’ price target points to a potential upside of 36.47% from the stock’s previous close.

The analysts wrote, “Executive Chairman of the Board, Jay Schottenstein, will serve as the interim CEO as the company searches for a new CEO to replace Robert Hanson. While Mr. Schottenstein has served as Chairman of the company since 1992, he has not been CEO since 2002, and we believe he has not been involved in day to day decisions of the company since that time. It will likely be an adjustment for Mr. Schottenstein to resume daily CEO responsibilities.”

AEO has been the subject of a number of other recent research reports. Analysts at Johnson Rice initiated coverage on shares of American Eagle Outfitters in a research note to investors on Monday. They set an “overweight” rating on the stock. Separately, analysts at Zacks downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 17th. They now have a $13.00 price target on the stock. Finally, analysts at Jefferies Group upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $17.00 price target on the stock, up previously from $14.69. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.21.

American Eagle Outfitters (NYSE:AEO) traded down 7.83% on Thursday, hitting $13.19. The stock had a trading volume of 28,967,880 shares. American Eagle Outfitters has a 52 week low of $13.14 and a 52 week high of $22.63. The stock has a 50-day moving average of $14.66 and a 200-day moving average of $15.62. The company has a market cap of $2.543 billion and a price-to-earnings ratio of 16.88.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Friday, December 6th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $844.76 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that American Eagle Outfitters will post $0.73 earnings per share 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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