JPMorgan Chase & Co. Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $20.00

American Eagle Outfitters (NYSE:AEO) had its price target cut by investment analysts at JPMorgan Chase & Co. from $23.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 21.29% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group decreased their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating on the stock. UBS Group decreased their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Bank of America lowered their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.10.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $16.49 on Wednesday. American Eagle Outfitters has a 1 year low of $16.06 and a 1 year high of $26.44. The firm’s 50 day moving average price is $17.74 and its two-hundred day moving average price is $19.62. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. American Eagle Outfitters’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts predict that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AEO. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters in the third quarter worth $32,000. Advisors Asset Management Inc. boosted its holdings in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in American Eagle Outfitters in the 3rd quarter worth $141,000. Meeder Asset Management Inc. bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth about $141,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of American Eagle Outfitters during the third quarter valued at about $199,000. 97.33% of the stock is owned by institutional investors.

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.