American Eagle Outfitters (NYSE:AEO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Eagle Outfitters (NYSE:AEO) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other research firms also recently issued reports on AEO. TD Cowen decreased their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. UBS Group restated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Telsey Advisory Group lowered their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 6th. Finally, Bank of America reissued an “underperform” rating and set a $16.00 price objective on shares of American Eagle Outfitters in a research note on Friday, August 14th. Two investment 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’s stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $20.40.

American Eagle Outfitters Stock Down 0.2%

NYSE AEO opened at $17.36 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The company has a market capitalization of $2.91 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.80 and a beta of 1.33. American Eagle Outfitters has a one year low of $14.06 and a one year high of $28.46. The stock has a 50 day moving average price of $17.02 and a 200-day moving average price of $17.74.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary McMillan sold 2,892 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Sable sold 5,779 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director owned 53,481 shares of the company’s stock, valued at $921,477.63. This trade represents a 9.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,563 shares of company stock valued at $196,599. Company insiders own 8.95% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at $7,518,000. Goldman Sachs Group Inc. increased its stake in American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after buying an additional 680,332 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in American Eagle Outfitters by 151,993.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock worth $1,725,000 after buying an additional 65,357 shares during the period. NFJ Investment Group LLC bought a new stake in American Eagle Outfitters during the 2nd quarter valued at about $10,962,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in American Eagle Outfitters in the 1st quarter valued at about $2,973,000. 97.33% of the stock is owned by institutional investors.

About American Eagle Outfitters

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.