American Eagle Outfitters (NYSE:AEO) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of American Eagle Outfitters (NYSE:AEO) in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a $23.00 target price on the apparel retailer’s stock, down from their previous target price of $27.00.

A number of other analysts have also recently weighed in on AEO. UBS Group lowered their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays decreased their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group lowered their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Finally, TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.40.

American Eagle Outfitters Trading Up 2.1 %

Shares of NYSE:AEO opened at $17.98 on Wednesday. The firm has a market capitalization of $3.45 billion, a PE ratio of 15.34, a PEG ratio of 0.99 and a beta of 1.51. American Eagle Outfitters has a 1-year low of $16.88 and a 1-year high of $26.44. The business’s 50 day moving average is $19.70 and its 200-day moving average is $20.48.

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

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.78%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the transaction, the director now directly owns 39,356 shares in the company, valued at $867,406.24. This trade represents a 31.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last 90 days. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. grew its stake in shares of American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares during the period. Innealta Capital LLC bought a new stake in American Eagle Outfitters in the second quarter valued at about $78,000. nVerses Capital LLC acquired a new position in American Eagle Outfitters in the second quarter valued at about $108,000. Finally, Picton Mahoney Asset Management bought a new position in American Eagle Outfitters during the second quarter worth about $140,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.