Today, American Eagle Outfitters Inc. (AEO) Cut to “Market Perform” at BlueFin Research

Today, American Eagle Outfitters Inc. (AEO) Cut to “Market Perform” at BlueFin Research
American Eagle Outfitters Inc. (NYSE:AEO) was downgraded by stock analysts at BlueFin Research from an “outperform” rating to a “market perform” rating in a research report issued on Monday.

A number of other analysts have also weighed in on AEO. Zacks Investment Research lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 27th. Jefferies Group reissued a “buy” rating on shares of American Eagle Outfitters in a report on Monday, August 1st. Bank of America Corp. raised shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, August 2nd. They noted that the move was a valuation call. Wunderlich raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $22.00 in a report on Thursday, August 11th. Finally, Telsey Advisory Group raised their price objective on shares of American Eagle Outfitters from $18.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.63.

Shares of American Eagle Outfitters (NYSE:AEO) traded down 0.70% during mid-day trading on Monday, reaching $18.34. 1,568,971 shares of the company’s stock traded hands. American Eagle Outfitters has a 52 week low of $12.78 and a 52 week high of $19.55. The company’s 50 day moving average is $17.44 and its 200-day moving average is $17.07. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 14.59 and a beta of 0.86.

In other news, COO Michael R. Rempell sold 50,826 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $18.84, for a total transaction of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares in the company, valued at approximately $1,998,490.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Group LTD raised its position in American Eagle Outfitters by 20.9% in the first quarter. BlackRock Group LTD now owns 137,067 shares of the apparel retailer’s stock valued at $2,285,000 after buying an additional 23,728 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of American Eagle Outfitters by 27.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the apparel retailer’s stock worth $148,000 after buying an additional 1,900 shares during the period. AXA raised its position in shares of American Eagle Outfitters by 931.8% in the first quarter. AXA now owns 161,447 shares of the apparel retailer’s stock worth $2,691,000 after buying an additional 145,800 shares during the period. Loomis Sayles & Co. L P raised its position in shares of American Eagle Outfitters by 53.1% in the first quarter. Loomis Sayles & Co. L P now owns 11,823 shares of the apparel retailer’s stock worth $197,000 after buying an additional 4,101 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of American Eagle Outfitters by 3.9% in the first quarter. Geode Capital Management LLC now owns 1,974,429 shares of the apparel retailer’s stock worth $32,913,000 after buying an additional 74,554 shares during the period. Institutional investors own 97.55% of the company’s stock.

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