TD Cowen Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $18.00

American Eagle Outfitters (NYSE:AEO) had its price target reduced by investment analysts at TD Cowen from $19.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the apparel retailer’s stock. TD Cowen’s price target would suggest a potential upside of 20.12% from the company’s current price.

Several other research analysts also recently commented on AEO. Citigroup raised their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Eagle Outfitters in a research note on Wednesday, March 25th. Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Telsey Advisory Group decreased their price objective on American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, March 5th. Finally, Needham & Company LLC assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, March 26th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.45.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock traded down $0.31 during mid-day trading on Monday, reaching $14.99. 1,573,996 shares of the stock traded hands, compared to its average volume of 5,424,457. The stock has a market capitalization of $2.51 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38. American Eagle Outfitters has a 12-month low of $9.27 and a 12-month high of $28.46. The business’s 50-day moving average is $17.45 and its 200-day moving average is $21.13.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters will post 1.76 EPS for the current fiscal year.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The SEC filing for this sale provides additional information. Company insiders own 8.70% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its position in shares of American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 447 shares in the last quarter. Cambria Investment Management L.P. grew its position in shares of American Eagle Outfitters by 4.5% during the third quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock worth $184,000 after purchasing an additional 468 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its position in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in American Eagle Outfitters by 2.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock valued at $669,000 after buying an additional 510 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in American Eagle Outfitters by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock valued at $254,000 after buying an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.