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

American Eagle Outfitters (NYSE:AEO) had its target price lowered by JPMorgan Chase & Co. from $19.00 to $15.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the apparel retailer’s stock.

AEO has been the topic of a number of other reports. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Morgan Stanley cut their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group cut their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $16.00.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $11.06 on Thursday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 52-week low of $10.74 and a 52-week high of $26.25. The stock’s 50 day moving average price is $14.76 and its two-hundred day moving average price is $17.61.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s payout ratio is 29.76%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. State of New Jersey Common Pension Fund D raised its stake in American Eagle Outfitters by 3.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer’s stock valued at $1,976,000 after acquiring an additional 3,264 shares during the period. Aigen Investment Management LP bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $706,000. Victory Capital Management Inc. raised its stake in American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after acquiring an additional 1,262,693 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of American Eagle Outfitters during the third quarter valued at about $1,827,000. Finally, Natixis Advisors LLC increased its position in shares of American Eagle Outfitters by 514.1% during the third quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer’s stock valued at $6,581,000 after buying an additional 246,070 shares during the period. 97.33% of the stock is currently 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.