American Eagle Outfitters’ (AEO) Market Perform Rating Reaffirmed at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO)‘s stock had its “market perform” rating reissued by equities research analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $18.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 48.45% from the stock’s previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group cut their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Barclays restated an “equal weight” rating and issued a $17.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Wednesday, February 5th. Raymond James began coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating for the company. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $19.00 to $17.00 in a report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.44.

American Eagle Outfitters Price Performance

NYSE AEO opened at $12.13 on Thursday. The company has a 50-day moving average of $15.46 and a 200-day moving average of $18.11. American Eagle Outfitters has a 12 month low of $11.65 and a 12 month high of $26.44. The company has a market cap of $2.33 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. American Eagle Outfitters’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. As a group, equities research analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current year.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares in the last quarter. Huntington National Bank grew its stake in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 1,475 shares in the last quarter. Principal Securities Inc. increased its holdings in American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $45,000. Finally, State of Wyoming acquired a new position in American Eagle Outfitters in the fourth quarter worth $49,000. 97.33% of the stock is owned by institutional investors and hedge funds.

About American Eagle Outfitters

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