American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $19.00 at JPMorgan Chase & Co.

American Eagle Outfitters (NYSE:AEOGet Free Report) had its price target cut by JPMorgan Chase & Co. from $25.00 to $19.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 22.27% from the stock’s previous close.

Several other brokerages have also recently issued reports on AEO. TD Cowen dropped their price objective on 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. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday. Barclays dropped their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday. Needham & Company LLC started coverage on American Eagle Outfitters in a research note on Thursday, March 26th. They issued a “hold” rating on the stock. Finally, Wall Street Zen raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and a consensus price target of $21.55.

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American Eagle Outfitters Price Performance

Shares of AEO traded down $2.38 during mid-day trading on Friday, reaching $15.54. 6,322,949 shares of the company’s stock traded hands, compared to its average volume of 5,542,648. The stock has a market cap of $2.60 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.25 and a beta of 1.38. The stock’s 50-day moving average is $17.17 and its two-hundred day moving average is $21.12. American Eagle Outfitters has a 12 month low of $9.27 and a 12 month high of $28.46.

American Eagle Outfitters (NYSE:AEOGet Free Report) last released its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.29) earnings per share. Research analysts predict that American Eagle Outfitters will post 1.75 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of American Eagle Outfitters

Hedge funds have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. purchased a new stake in American Eagle Outfitters during the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new stake in American Eagle Outfitters during the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares during the period. Farther Finance Advisors LLC lifted its holdings in American Eagle Outfitters by 177.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after buying an additional 1,134 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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About American Eagle Outfitters

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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.

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