JPMorgan Chase & Co. Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its target price trimmed 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.

Other research analysts have also issued research reports about the company. Telsey Advisory Group cut their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday. Bank of America cut their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. UBS Group cut their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday. Barclays lowered American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $17.00 to $10.00 in a report on Tuesday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.00.

American Eagle Outfitters Stock Up 0.7 %

Shares of AEO opened at $11.06 on Thursday. The business’s 50-day moving average price is $14.76 and its 200-day moving average price is $17.61. American Eagle Outfitters has a twelve month low of $10.74 and a twelve month high of $26.25. The stock has a market cap of $2.12 billion, a PE ratio of 9.45, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

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

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. Blue Trust Inc. lifted its position in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank lifted its position in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 1,475 shares during the last quarter. Principal Securities Inc. lifted its position in 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 valued at $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $45,000. Finally, State of Wyoming bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $49,000. Institutional investors 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.