American Eagle Outfitters (NYSE:AEO) Given New $9.00 Price Target at Barclays

American Eagle Outfitters (NYSE:AEO) had its target price lowered by equities researchers at Barclays from $10.00 to $9.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the apparel retailer’s stock. Barclays‘s target price would indicate a potential downside of 27.41% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Bank of America dropped their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reduced their target price on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.30.

American Eagle Outfitters Trading Up 11.3%

AEO stock opened at $12.40 on Monday. American Eagle Outfitters has a 12 month low of $9.44 and a 12 month high of $25.15. The stock has a market capitalization of $2.14 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. The firm has a 50-day moving average price of $11.28 and a 200-day moving average price of $14.88.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in American Eagle Outfitters by 1,510.1% during the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer’s stock worth $41,826,000 after buying an additional 2,353,225 shares in the last quarter. Norges Bank purchased a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $35,267,000. Cooke & Bieler LP boosted its holdings in American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer’s stock worth $90,534,000 after purchasing an additional 1,794,203 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of American Eagle Outfitters in the first quarter worth $18,927,000. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of American Eagle Outfitters by 2,408.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer’s stock worth $20,738,000 after buying an additional 1,194,408 shares during the last quarter. Institutional investors and hedge funds 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.