American Eagle Outfitters’ (AEO) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

American Eagle Outfitters (NYSE:AEO)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $23.00 target price on the apparel retailer’s stock, down from their prior target price of $27.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.98% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday. TD Cowen cut their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Jefferies Financial Group cut 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 research report on Tuesday, November 12th. Finally, Barclays cut their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.78.

American Eagle Outfitters Stock Up 3.1 %

Shares of NYSE:AEO opened at $20.54 on Wednesday. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.99 and a beta of 1.51. The firm’s 50-day simple moving average is $19.77 and its 200-day simple moving average is $20.50. American Eagle Outfitters has a fifty-two week low of $16.88 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts forecast that American Eagle Outfitters will post 1.77 EPS for the current year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares in the company, valued at $4,367,304.33. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. acquired a new stake in American Eagle Outfitters in the third quarter valued at $32,000. Advisors Asset Management Inc. raised its holdings in American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares in the last quarter. Innealta Capital LLC acquired a new stake in American Eagle Outfitters in the second quarter valued at $78,000. nVerses Capital LLC acquired a new stake in American Eagle Outfitters in the second quarter valued at $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in American Eagle Outfitters in the second quarter valued at $140,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

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.