American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $10.00 at JPMorgan Chase & Co.

American Eagle Outfitters (NYSE:AEO) had its target price lowered by JPMorgan Chase & Co. from $15.00 to $10.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 5.84% from the stock’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Bank of America cut their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Barclays lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $17.00 to $10.00 in a research report on Tuesday, March 11th. Morgan Stanley cut their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

American Eagle Outfitters Stock Performance

AEO traded down $0.02 during midday trading on Monday, reaching $10.62. The company had a trading volume of 3,744,177 shares, compared to its average volume of 5,104,924. The business has a 50-day moving average price of $12.57 and a two-hundred day moving average price of $16.30. American Eagle Outfitters has a 12-month low of $9.45 and a 12-month high of $25.15. The stock has a market cap of $1.83 billion, a PE ratio of 9.08, a P/E/G ratio of 0.82 and a beta of 1.40.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC purchased a new position in American Eagle Outfitters during the 4th quarter valued at $267,000. Smartleaf Asset Management LLC lifted its stake in shares of American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 1,944 shares during the period. Entropy Technologies LP bought a new stake in American Eagle Outfitters during the fourth quarter worth about $378,000. Nordea Investment Management AB bought a new stake in American Eagle Outfitters in the fourth quarter worth $1,557,000. Finally, US Bancorp DE raised its holdings in American Eagle Outfitters by 1,673.7% in the fourth quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer’s stock worth $1,036,000 after buying an additional 58,631 shares during the last quarter. 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.