BMO Capital Markets Trims American Eagle Outfitters (NYSE:AEO) Target Price to $15.00

American Eagle Outfitters (NYSE:AEOGet Rating) had its price target cut by BMO Capital Markets from $23.00 to $15.00 in a report issued on Friday, The Fly reports. BMO Capital Markets’ price objective points to a potential upside of 13.98% from the stock’s current price.

Several other brokerages have also weighed in on AEO. B. Riley lowered their price objective on American Eagle Outfitters from $41.00 to $32.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on American Eagle Outfitters from $30.00 to $15.00 in a research note on Friday. Citigroup cut American Eagle Outfitters from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $39.00 to $14.00 in a research note on Monday. Jefferies Financial Group reduced their price objective on American Eagle Outfitters from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, March 3rd. Finally, UBS Group reduced their price objective on American Eagle Outfitters to $34.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.79.

NYSE AEO traded down $0.86 during trading hours on Friday, reaching $13.16. The company’s stock had a trading volume of 893,195 shares, compared to its average volume of 6,169,592. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.59 and a beta of 1.32. American Eagle Outfitters has a 1-year low of $11.61 and a 1-year high of $38.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.00. The company’s 50-day moving average is $15.81 and its two-hundred day moving average is $20.79.

American Eagle Outfitters (NYSE:AEOGet Rating) last released its quarterly earnings results on Thursday, May 26th. The apparel retailer reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). American Eagle Outfitters had a return on equity of 34.33% and a net margin of 8.37%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters will post 1.96 EPS for the current fiscal year.

In other news, Director Steven A. Davis acquired 5,500 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were purchased at an average price of $18.12 per share, for a total transaction of $99,660.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew J. Mclean sold 24,958 shares of the company’s stock in a transaction dated 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 owns 53,343 shares in the company, valued at approximately $960,174. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Paradigm Capital Management Inc. NY boosted its holdings in shares of American Eagle Outfitters by 5.8% in the first quarter. Paradigm Capital Management Inc. NY now owns 286,700 shares of the apparel retailer’s stock valued at $4,816,000 after acquiring an additional 15,600 shares in the last quarter. Phocas Financial Corp. lifted its position in shares of American Eagle Outfitters by 56.2% in the 1st quarter. Phocas Financial Corp. now owns 294,328 shares of the apparel retailer’s stock valued at $4,945,000 after acquiring an additional 105,946 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $1,579,000. Keeley Teton Advisors LLC purchased a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $295,000. Finally, Virtu Financial LLC purchased a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $309,000.

About American Eagle Outfitters (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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