American Eagle Outfitters (AEO) Downgraded by Deutsche Bank to Hold

American Eagle Outfitters (NYSE:AEO) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities research analysts also recently weighed in on AEO. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Monday, August 27th. They noted that the move was a valuation call. UBS Group boosted their target price on American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Bank of America boosted their target price on American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.63.

Shares of AEO stock traded up $0.30 on Friday, reaching $20.93. 4,773,446 shares of the stock were exchanged, compared to its average volume of 4,019,837. The company has a market cap of $3.71 billion, a P/E ratio of 18.04, a PEG ratio of 1.46 and a beta of 0.81. American Eagle Outfitters has a one year low of $15.27 and a one year high of $29.88.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $964.85 million during the quarter, compared to the consensus estimate of $937.98 million. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts predict that American Eagle Outfitters will post 1.49 EPS for the current year.

In related news, Director Cary D. Mcmillan sold 16,993 shares of American Eagle Outfitters stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $24.87, for a total transaction of $422,615.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of American Eagle Outfitters by 72.1% during the second quarter. Wells Fargo & Company MN now owns 944,039 shares of the apparel retailer’s stock worth $21,948,000 after purchasing an additional 395,556 shares during the period. PNC Financial Services Group Inc. grew its stake in American Eagle Outfitters by 81.4% in the second quarter. PNC Financial Services Group Inc. now owns 138,027 shares of the apparel retailer’s stock valued at $3,210,000 after acquiring an additional 61,932 shares during the period. Bank of America Corp DE grew its stake in American Eagle Outfitters by 28.8% in the second quarter. Bank of America Corp DE now owns 1,050,886 shares of the apparel retailer’s stock valued at $24,433,000 after acquiring an additional 234,855 shares during the period. ClariVest Asset Management LLC grew its stake in American Eagle Outfitters by 10.4% in the second quarter. ClariVest Asset Management LLC now owns 370,180 shares of the apparel retailer’s stock valued at $8,608,000 after acquiring an additional 34,754 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in American Eagle Outfitters by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,488,015 shares of the apparel retailer’s stock valued at $34,597,000 after acquiring an additional 32,609 shares during the period. 85.92% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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