JPMorgan Chase & Co. Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $15.00

American Eagle Outfitters (NYSE:AEO) had its target price cut by analysts at JPMorgan Chase & Co. from $19.00 to $15.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 35.69% from the stock’s previous close.

Several other analysts also recently commented on AEO. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $17.00 to $10.00 in a research note on Tuesday. UBS Group lowered their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America lowered their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Telsey Advisory Group lowered their price objective 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. Finally, Morgan Stanley lowered their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Stock Performance

AEO stock opened at $11.06 on Thursday. The company has a market cap of $2.12 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a fifty-two week low of $10.74 and a fifty-two week high of $26.25. The stock’s 50 day simple moving average is $14.76 and its 200 day simple moving average is $17.65.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares during the period. Huntington National Bank boosted its holdings in shares of American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 1,475 shares during the period. Principal Securities Inc. boosted its holdings in shares of American Eagle Outfitters by 2,239.1% in 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 period. Park Place Capital Corp bought a new position in shares of American Eagle Outfitters in the fourth quarter worth $45,000. Finally, State of Wyoming bought a new position in shares of American Eagle Outfitters in the fourth quarter worth $49,000. 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.