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

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

A number of other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group reduced their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays dropped their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, TD Cowen dropped their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note 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. Based on data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and a consensus price target of $23.78.

American Eagle Outfitters Price Performance

NYSE AEO opened at $20.54 on Wednesday. The company has a market capitalization of $3.94 billion, a PE ratio of 16.43, a P/E/G ratio of 0.99 and a beta of 1.51. The company has a fifty day moving average of $19.77 and a 200 day moving average of $20.50. American Eagle Outfitters has a 1 year low of $16.88 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Research analysts expect that American Eagle Outfitters will post 1.77 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. grew its position in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $78,000. nVerses Capital LLC purchased a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $108,000. Finally, Picton Mahoney Asset Management purchased a new position in American Eagle Outfitters during the 2nd quarter worth $140,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

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.