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American Eagle Outfitters (NYSE:AEO) was downgraded by investment analysts at Jefferies Group to a “buy” rating in a note issued to investors on Thursday. They currently have a $17.00 price target on the stock, down from their previous price target of $19.00. Jefferies Group’s target price points to a potential upside of 60.38% from the company’s current price.

The analysts wrote, “AEO posted 1Q EPS 2c above low expectations on weak topline results. Mgmt. guided 2Q below cons and announced formal cost savings through 150 store closures but we believe further CapEx and SG&A reductions and store fleet rationalization are still necessary. We view the Eagle brand as a LT anchor in the teen space but we need to see more aggressive changes in response to the changing marketplace today. Reiterate Buy, PT to $17.”

A number of other analysts have also recently weighed in on AEO. Analysts at RBC Capital cut their price target on shares of American Eagle Outfitters from $15.00 to $13.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. downgraded shares of American Eagle Outfitters from a “neutral” rating to a “sell” rating in a research note on Thursday. Finally, analysts at Nomura reiterated a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday. They now have a $11.00 price target on the stock, down previously from $13.00. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.87.

American Eagle Outfitters (NYSE:AEO) traded down 2.17% on Thursday, hitting $10.37. The stock had a trading volume of 3,214,635 shares. American Eagle Outfitters has a one year low of $10.50 and a one year high of $20.32. The stock’s 50-day moving average is $11.47 and its 200-day moving average is $13.61. The company has a market cap of $2.010 billion and a price-to-earnings ratio of 24.65. American Eagle Outfitters also was the recipient of some unusual options trading on Monday. Investors acquired 8,225 put options on the stock. This is an increase of 514% compared to the average daily volume of 1,340 put options.

American Eagle Outfitters (NYSE:AEO) last released its earnings data on Wednesday, May 21st. The company reported $0.02 EPS for the quarter. The company had revenue of $646.00 million for the quarter, compared to the consensus estimate of $648.73 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts expect that American Eagle Outfitters will post $0.64 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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