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

American Eagle Outfitters (NYSE:AEO) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $23.00 to $20.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.92% from the company’s previous close.

A number of other brokerages have also recently weighed in on AEO. Jefferies Financial Group reduced their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. 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. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. Raymond James started coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Finally, StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.10.

American Eagle Outfitters Trading Down 1.1 %

Shares of NYSE:AEO traded down $0.18 on Wednesday, hitting $16.54. The company had a trading volume of 2,937,612 shares, compared to its average volume of 3,627,304. The company has a market cap of $3.18 billion, a PE ratio of 14.14, a PEG ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a 52-week low of $16.06 and a 52-week high of $26.44. The business has a 50 day moving average of $17.87 and a 200 day moving average of $19.67.

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

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently made changes to their positions in AEO. Diversified Trust Co increased its position in American Eagle Outfitters by 11.4% during the fourth quarter. Diversified Trust Co now owns 39,429 shares of the apparel retailer’s stock worth $657,000 after buying an additional 4,034 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $1,557,000. Principal Financial Group Inc. increased its holdings in shares of American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after acquiring an additional 226,821 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of American Eagle Outfitters by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer’s stock valued at $14,266,000 after acquiring an additional 15,038 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $141,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

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.