UBS Group Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $28.00

American Eagle Outfitters (NYSE:AEO) had its price objective cut by equities research analysts at UBS Group from $32.00 to $28.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. UBS Group’s price target indicates a potential upside of 145.94% from the company’s current price.

A number of other research analysts have also issued reports on AEO. JPMorgan Chase & Co. decreased their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. BMO Capital Markets reissued a “market perform” rating and set a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday. Raymond James began coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. Finally, Telsey Advisory Group dropped their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $17.50.

American Eagle Outfitters Price Performance

NYSE AEO traded down $0.07 on Thursday, reaching $11.39. The stock had a trading volume of 3,825,956 shares, compared to its average volume of 4,596,201. American Eagle Outfitters has a 1-year low of $10.08 and a 1-year high of $26.25. The company has a market cap of $2.19 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm has a fifty day moving average of $15.01 and a two-hundred day moving average of $17.78.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

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

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.