American Eagle Outfitters (NYSE:AEO) Trading Down 4.2%

American Eagle Outfitters, Inc. (NYSE:AEO) shares fell 4.2% during mid-day trading on Friday . The stock traded as low as $16.04 and last traded at $16.07. 1,608,593 shares were traded during trading, a decline of 62% from the average session volume of 4,240,165 shares. The stock had previously closed at $16.77.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup lifted their target price on American Eagle Outfitters from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday. BMO Capital Markets reduced their target price on American Eagle Outfitters from $14.00 to $10.00 in a report on Thursday, May 25th. Bank of America boosted their target price on American Eagle Outfitters from $10.50 to $12.50 in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on American Eagle Outfitters from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.41.

American Eagle Outfitters Stock Performance

The company’s 50 day moving average price is $14.62 and its 200-day moving average price is $13.43. The company has a market cap of $3.16 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, September 6th. The apparel retailer reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.09. American Eagle Outfitters had a net margin of 4.04% and a return on equity of 14.92%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.08 EPS for the current year.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently made changes to their positions in AEO. California State Teachers Retirement System increased its position in American Eagle Outfitters by 4.9% during the 2nd quarter. California State Teachers Retirement System now owns 224,345 shares of the apparel retailer’s stock valued at $2,647,000 after purchasing an additional 10,527 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of American Eagle Outfitters by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 51,164 shares of the apparel retailer’s stock valued at $604,000 after purchasing an additional 2,767 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of American Eagle Outfitters by 42.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,273,680 shares of the apparel retailer’s stock valued at $15,029,000 after purchasing an additional 381,704 shares during the period. Neo Ivy Capital Management purchased a new stake in American Eagle Outfitters in the 2nd quarter worth $323,000. Finally, GTS Securities LLC purchased a new stake in American Eagle Outfitters in the 2nd quarter worth $777,000. Institutional investors own 90.10% of the company’s stock.

About American Eagle Outfitters

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