Citigroup Issues Pessimistic Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its target price reduced by stock analysts at Citigroup from $24.00 to $18.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s target price would suggest a potential upside of 10.80% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. TD Cowen lowered their price target on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Barclays lowered their price target on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday. Wall Street Zen downgraded American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group set a $22.00 price target on American Eagle Outfitters in a report on Monday. Finally, Telsey Advisory Group lowered their price target on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $20.36.

American Eagle Outfitters Stock Up 2.8%

AEO traded up $0.45 during midday trading on Monday, hitting $16.25. 6,552,956 shares of the company’s stock traded hands, compared to its average volume of 5,671,273. The company has a market cap of $2.72 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.34. The stock’s fifty day simple moving average is $17.14 and its 200-day simple moving average is $21.11. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. American Eagle Outfitters has a one year low of $9.27 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that American Eagle Outfitters will post 1.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,887 shares of American Eagle Outfitters stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,887 shares of American Eagle Outfitters stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC raised its holdings in shares of American Eagle Outfitters by 51.9% in the first quarter. Segall Bryant & Hamill LLC now owns 68,669 shares of the apparel retailer’s stock valued at $1,147,000 after buying an additional 23,472 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of American Eagle Outfitters by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 694 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of American Eagle Outfitters by 21.7% in the first quarter. California State Teachers Retirement System now owns 186,745 shares of the apparel retailer’s stock valued at $3,119,000 after buying an additional 33,240 shares during the last quarter. Empowered Funds LLC bought a new position in shares of American Eagle Outfitters in the first quarter valued at about $298,000. Finally, Quantinno Capital Management LP raised its holdings in shares of American Eagle Outfitters by 12.3% in the first quarter. Quantinno Capital Management LP now owns 28,875 shares of the apparel retailer’s stock valued at $482,000 after buying an additional 3,173 shares during the last quarter. 97.33% of the stock is owned by 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.