Citigroup Downgrades American Eagle Outfitters (NYSE:AEO) to Neutral

American Eagle Outfitters (NYSE:AEOGet Rating) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.

A number of other analysts have also recently issued reports on the stock. Bank of America reduced their target price on shares of American Eagle Outfitters from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 3rd. Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $24.00 to $19.00 in a report on Friday, April 1st. BMO Capital Markets reduced their price target on American Eagle Outfitters from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Thursday, March 3rd. Zacks Investment Research lowered American Eagle Outfitters from a “hold” rating to a “sell” rating and set a $23.00 target price for the company. in a report on Friday, February 18th. Finally, UBS Group lowered their price target on American Eagle Outfitters to $34.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.31.

Shares of NYSE AEO opened at $13.32 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $16.26 and a two-hundred day moving average of $21.08. American Eagle Outfitters has a twelve month low of $12.87 and a twelve month high of $38.99. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.59 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEOGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The apparel retailer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. American Eagle Outfitters had a net margin of 8.37% and a return on equity of 34.33%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, research analysts predict that American Eagle Outfitters will post 1.96 earnings per share for the current year.

In other American Eagle Outfitters news, Director Steven A. Davis purchased 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was acquired at an average cost of $18.12 per share, with a total value of $99,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew J. Mclean sold 24,958 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $18.00, for a total transaction of $449,244.00. Following the completion of the sale, the executive vice president now directly owns 53,343 shares of the company’s stock, valued at approximately $960,174. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Legato Capital Management LLC acquired a new stake in American Eagle Outfitters during the 1st quarter worth approximately $1,579,000. Keeley Teton Advisors LLC bought a new position in shares of American Eagle Outfitters in the first quarter valued at $295,000. Virtu Financial LLC acquired a new stake in American Eagle Outfitters in the 1st quarter valued at about $309,000. Point72 Hong Kong Ltd grew its holdings in American Eagle Outfitters by 129.9% during the first quarter. Point72 Hong Kong Ltd now owns 25,086 shares of the apparel retailer’s stock worth $421,000 after purchasing an additional 14,175 shares during the period. Finally, Prentice Capital Management LP bought a new stake in American Eagle Outfitters in the first quarter valued at approximately $10,363,000.

American Eagle Outfitters Company Profile (Get Rating)

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

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