JPMorgan Chase & Co. Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price objective cut by research analysts at JPMorgan Chase & Co. from $19.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 37.30% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley dropped their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday. Telsey Advisory Group cut their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday. Finally, Bank of America dropped their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $16.50.

American Eagle Outfitters Stock Performance

AEO traded down $0.53 during trading on Thursday, reaching $10.93. The company had a trading volume of 13,477,846 shares, compared to its average volume of 4,640,633. The firm’s 50-day simple moving average is $15.01 and its 200 day simple moving average is $17.78. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 12-month low of $10.08 and a 12-month high of $26.25.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.30% of the stock is owned by insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in AEO. Blue Trust Inc. raised its position in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank increased its stake in shares of American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 1,475 shares during the period. Principal Securities Inc. raised its position in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $45,000. Finally, State of Wyoming acquired a new position in shares of American Eagle Outfitters during the fourth quarter valued at $49,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

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.