JPMorgan Chase & Co. Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $20.00

American Eagle Outfitters (NYSE:AEO) had its price target cut by JPMorgan Chase & Co. from $23.00 to $20.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Several other research firms also recently commented on AEO. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating for the company. Jefferies Financial Group decreased their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Bank of America dropped their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. UBS Group decreased their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Telsey Advisory Group lowered their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.10.

American Eagle Outfitters Trading Down 1.6 %

NYSE:AEO opened at $16.26 on Wednesday. American Eagle Outfitters has a 12 month low of $15.85 and a 12 month high of $26.44. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.12 and a beta of 1.53. The firm has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $19.62.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that American Eagle Outfitters will post 1.69 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.08%. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. purchased a new position in American Eagle Outfitters in the third quarter valued at approximately $119,691,000. Victory Capital Management Inc. raised its stake in shares of American Eagle Outfitters by 40.6% in the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after buying an additional 1,262,693 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of American Eagle Outfitters by 36.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in American Eagle Outfitters in the 2nd quarter worth about $16,861,000. Finally, American Century Companies Inc. increased its holdings in American Eagle Outfitters by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after acquiring an additional 684,420 shares during the last quarter. Hedge funds and other 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.