American Eagle Outfitters Inc. (NYSE:AEO) had its target price reduced by research analysts at Telsey Advisory Group from $22.00 to $19.00 in a report issued on Thursday. The firm presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 14.73% from the company’s previous close.

A number of other brokerages have also recently commented on AEO. Wunderlich reaffirmed a “buy” rating and issued a $22.00 price target on shares of American Eagle Outfitters in a research note on Monday. Jefferies Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Monday, September 12th. BMO Capital Markets raised American Eagle Outfitters from a “market perform” rating to an “outperform” rating and upped their price target for the company from $18.00 to $21.00 in a research note on Monday, October 10th. They noted that the move was a valuation call. FBR & Co reaffirmed an “outperform” rating on shares of American Eagle Outfitters in a research note on Tuesday, September 6th. Finally, Deutsche Bank AG raised American Eagle Outfitters from a “hold” rating to a “buy” rating and upped their price target for the company from $17.00 to $22.00 in a research note on Monday, August 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.61.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Shares of American Eagle Outfitters (NYSE:AEO) opened at 16.56 on Thursday. The firm has a market capitalization of $3.01 billion, a PE ratio of 13.17 and a beta of 0.86. American Eagle Outfitters has a 1-year low of $12.78 and a 1-year high of $19.55. The firm has a 50-day moving average of $17.46 and a 200-day moving average of $17.15.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The company had revenue of $941 million for the quarter, compared to the consensus estimate of $940.94 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that American Eagle Outfitters will post $1.31 EPS for the current fiscal year.

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In other American Eagle Outfitters news, COO Michael R. Rempell sold 50,826 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $18.84, for a total transaction of $957,561.84. Following the completion of the sale, the chief operating officer now owns 106,077 shares of the company’s stock, valued at approximately $1,998,490.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. South Texas Money Management Ltd. boosted its position in American Eagle Outfitters by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 1,731,713 shares of the apparel retailer’s stock valued at $27,586,000 after buying an additional 4,497 shares during the last quarter. Ardevora Asset Management LLP boosted its position in American Eagle Outfitters by 17.3% in the second quarter. Ardevora Asset Management LLP now owns 1,325,400 shares of the apparel retailer’s stock valued at $21,114,000 after buying an additional 195,400 shares during the last quarter. Hamlin Capital Management LLC boosted its position in American Eagle Outfitters by 13.8% in the second quarter. Hamlin Capital Management LLC now owns 4,601,788 shares of the apparel retailer’s stock valued at $73,306,000 after buying an additional 556,632 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in American Eagle Outfitters by 1.5% in the second quarter. Emerald Advisers Inc. PA now owns 1,328,149 shares of the apparel retailer’s stock valued at $21,157,000 after buying an additional 19,020 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in American Eagle Outfitters by 17.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 427,100 shares of the apparel retailer’s stock valued at $6,804,000 after buying an additional 63,500 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

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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