B. Riley Lowers American Eagle Outfitters (NYSE:AEO) to Neutral

American Eagle Outfitters (NYSE:AEOGet Rating) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Friday, The Fly reports. They currently have a $13.00 price target on the apparel retailer’s stock, down from their previous price target of $22.00. B. Riley’s price target points to a potential upside of 9.61% from the stock’s current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered American Eagle Outfitters from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $15.00 in a research report on Friday, May 27th. StockNews.com upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley downgraded American Eagle Outfitters from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $22.00 to $8.00 in a research note on Tuesday, May 31st. Bank of America reduced their price objective on American Eagle Outfitters from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, March 3rd. Finally, Barclays reduced their price objective on American Eagle Outfitters from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.85.

Shares of AEO stock opened at $11.86 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.74 and a quick ratio of 0.81. American Eagle Outfitters has a fifty-two week low of $11.43 and a fifty-two week high of $38.99. The stock’s 50-day moving average is $14.34 and its two-hundred day moving average is $19.23. The firm has a market cap of $2.01 billion, a P/E ratio of 6.86, a PEG ratio of 0.79 and a beta of 1.34.

American Eagle Outfitters (NYSE:AEOGet Rating) last issued its earnings results on Thursday, May 26th. The apparel retailer reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.09). American Eagle Outfitters had a return on equity of 28.05% and a net margin of 7.07%. The firm 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 earned $0.48 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts expect that American Eagle Outfitters will post 1.32 EPS for the current year.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 24,958 shares of American Eagle Outfitters stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $18.00, for a total value of $449,244.00. Following the sale, the executive vice president now owns 53,343 shares of the company’s stock, valued at approximately $960,174. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel purchased 20,000 shares of the company’s stock in a transaction on Friday, June 10th. The stock was purchased at an average cost of $12.00 per share, for a total transaction of $240,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $240,000. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its position in shares of American Eagle Outfitters by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the apparel retailer’s stock valued at $998,000 after acquiring an additional 500 shares during the last quarter. Robotti Robert increased its position in shares of American Eagle Outfitters by 0.5% in the fourth quarter. Robotti Robert now owns 106,686 shares of the apparel retailer’s stock valued at $2,701,000 after acquiring an additional 513 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of American Eagle Outfitters by 1.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 40,454 shares of the apparel retailer’s stock valued at $1,024,000 after acquiring an additional 560 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of American Eagle Outfitters by 73.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock valued at $37,000 after acquiring an additional 620 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of American Eagle Outfitters by 5.3% in the fourth quarter. Profund Advisors LLC now owns 13,887 shares of the apparel retailer’s stock valued at $352,000 after acquiring an additional 693 shares during the last quarter.

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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