Morgan Stanley reissued their underweight rating on shares of American Eagle Outfitters Inc. (NYSE:AEO) in a research note issued to investors on Tuesday.

Other analysts have also issued research reports about the stock. Wunderlich upgraded shares of American Eagle Outfitters from a hold rating to a buy rating and raised their target price for the stock from $13.00 to $22.00 in a research report on Thursday, August 11th. FBR & Co upgraded shares of American Eagle Outfitters from a market perform rating to an outperform rating and raised their target price for the stock from $17.00 to $19.00 in a research report on Thursday, August 25th. B. Riley restated a buy rating and set a $22.00 target price on shares of American Eagle Outfitters in a research report on Thursday, August 18th. Telsey Advisory Group raised their target price on shares of American Eagle Outfitters from $18.00 to $22.00 and gave the stock a market perform rating in a research report on Monday, August 15th. Finally, Citigroup Inc. raised their target price on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock a neutral rating in a research report on Thursday, August 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $19.63.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Shares of American Eagle Outfitters (NYSE:AEO) opened at 18.91 on Tuesday. The firm has a 50-day moving average price of $17.46 and a 200-day moving average price of $17.15. American Eagle Outfitters has a 12 month low of $12.78 and a 12 month high of $19.55. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 15.04 and a beta of 0.86.

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In related news, COO Michael R. Rempell sold 50,826 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $18.84, for a total transaction of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares of the company’s stock, valued at $1,998,490.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P increased its stake in American Eagle Outfitters by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 11,923 shares of the apparel retailer’s stock valued at $190,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in American Eagle Outfitters by 0.8% in the third quarter. First Citizens Bank & Trust Co. now owns 22,549 shares of the apparel retailer’s stock valued at $403,000 after buying an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in American Eagle Outfitters by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 39,300 shares of the apparel retailer’s stock valued at $626,000 after buying an additional 204 shares in the last quarter. State Treasurer State of Michigan increased its stake in American Eagle Outfitters by 0.6% in the second quarter. State Treasurer State of Michigan now owns 66,775 shares of the apparel retailer’s stock valued at $1,064,000 after buying an additional 400 shares in the last quarter. Finally, Invictus RG increased its stake in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 449 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

5 Day Chart for NYSE:AEO

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