American Eagle Outfitters (NYSE:AEO) Cut to “Hold” at Wall Street Zen

American Eagle Outfitters (NYSE:AEO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC initiated coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They set a “hold” rating on the stock. UBS Group decreased their price objective on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Bank of America decreased their price objective on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a research report on Friday, May 29th. Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Barclays decreased their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.36.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $16.39 on Friday. The stock has a 50 day moving average of $17.08 and a 200 day moving average of $21.04. American Eagle Outfitters has a 12 month low of $9.27 and a 12 month high of $28.46. The firm has a market cap of $2.75 billion, a PE ratio of 10.12, a PEG ratio of 3.60 and a beta of 1.33. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned ($0.29) earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,887 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC grew its stake in shares of American Eagle Outfitters by 51.9% during the first quarter. Segall Bryant & Hamill LLC now owns 68,669 shares of the apparel retailer’s stock valued at $1,147,000 after buying an additional 23,472 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of American Eagle Outfitters by 31.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 694 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of American Eagle Outfitters by 21.7% during the first quarter. California State Teachers Retirement System now owns 186,745 shares of the apparel retailer’s stock valued at $3,119,000 after buying an additional 33,240 shares during the last quarter. Empowered Funds LLC bought a new position in shares of American Eagle Outfitters during the first quarter valued at approximately $298,000. Finally, Quantinno Capital Management LP grew its stake in shares of American Eagle Outfitters by 12.3% during the first quarter. Quantinno Capital Management LP now owns 28,875 shares of the apparel retailer’s stock valued at $482,000 after buying an additional 3,173 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.