American Eagle Outfitters (NYSE:AEO) Stock Rating Upgraded by Wall Street Zen

American Eagle Outfitters (NYSE:AEO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on AEO. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Bank of America reissued an “underperform” rating and issued a $16.00 price target on shares of American Eagle Outfitters in a research report on Friday, August 14th. Citigroup cut their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective on shares of American Eagle Outfitters in a research report on Monday, July 6th. Finally, Telsey Advisory Group lowered their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.40.

American Eagle Outfitters Trading Down 0.2%

NYSE:AEO opened at $17.36 on Friday. American Eagle Outfitters has a one year low of $14.06 and a one year high of $28.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The company’s 50-day simple moving average is $17.01 and its 200 day simple moving average is $17.79. The firm has a market capitalization of $2.91 billion, a P/E ratio of 10.72, a PEG ratio of 3.80 and a beta of 1.33.

Insider Activity

In related news, Director David M. Sable sold 5,779 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director directly owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. This represents a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel Spiegel sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock worth $196,599 over the last 90 days. 8.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in American Eagle Outfitters in the 2nd quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $32,000. Raymond James Financial Inc. bought a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $35,000. Finally, Allworth Financial LP bought a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $36,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.