Morgan Stanley restated their underweight rating on shares of American Eagle Outfitters Inc. (NYSE:AEO) in a research report sent to investors on Tuesday morning.

A number of other analysts also recently weighed in on the stock. Wunderlich reiterated a buy rating and issued a $22.00 price target on shares of American Eagle Outfitters in a research report on Monday. Jefferies Group reiterated a buy rating on shares of American Eagle Outfitters in a research report on Monday, August 1st. BMO Capital Markets upgraded shares of American Eagle Outfitters from a market perform rating to an outperform rating and increased their price target for the company from $18.00 to $21.00 in a research report on Monday, October 10th. They noted that the move was a valuation call. FBR & Co reiterated an outperform rating on shares of American Eagle Outfitters in a research report on Tuesday, September 6th. Finally, Deutsche Bank AG upgraded shares of American Eagle Outfitters from a hold rating to a buy rating and increased their price target for the company from $17.00 to $22.00 in a research report on Monday, August 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of Hold and an average target price of $19.63.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Shares of American Eagle Outfitters (NYSE:AEO) opened at 18.91 on Tuesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 15.04 and a beta of 0.86. American Eagle Outfitters has a 52-week low of $12.78 and a 52-week high of $19.55. The firm has a 50-day moving average of $17.46 and a 200 day moving average of $17.15.

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

A number of institutional investors have recently added to or reduced their stakes in AEO. Smith Asset Management Group LP boosted its position in American Eagle Outfitters by 8,589.7% in the second quarter. Smith Asset Management Group LP now owns 6,778 shares of the apparel retailer’s stock worth $108,000 after buying an additional 6,700 shares during the period. Invictus RG boosted its position in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock worth $108,000 after buying an additional 449 shares during the period. LS Investment Advisors LLC boosted its position in American Eagle Outfitters by 66.7% in the second quarter. LS Investment Advisors LLC now owns 10,155 shares of the apparel retailer’s stock worth $162,000 after buying an additional 4,063 shares during the period. Round Table Services LLC boosted its position in American Eagle Outfitters by 8.8% in the second quarter. Round Table Services LLC now owns 11,260 shares of the apparel retailer’s stock worth $179,000 after buying an additional 915 shares during the period. Finally, Gideon Capital Advisors Inc. bought a new position in American Eagle Outfitters during the second quarter worth approximately $186,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

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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