American Eagle Outfitters (NYSE:AEO) Price Target Cut to $15.00 by Analysts at JPMorgan Chase & Co.

American Eagle Outfitters (NYSE:AEO) had its target price decreased by JPMorgan Chase & Co. from $19.00 to $15.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the apparel retailer’s stock.

AEO has been the subject of a number of other research reports. UBS Group dropped their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday. Barclays lowered American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $17.00 to $10.00 in a research note on Tuesday. Finally, Telsey Advisory Group cut their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus price target of $16.50.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $10.93 on Thursday. American Eagle Outfitters has a fifty-two week low of $10.92 and a fifty-two week high of $26.25. The company has a market capitalization of $2.10 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 1.57. The company has a fifty day moving average of $15.01 and a 200 day moving average of $17.78.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.58%. American Eagle Outfitters’s payout ratio is presently 42.74%.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The shares were 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 SEC, which is available at this link. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently made changes to their positions in the company. Investors Research Corp lifted its stake in American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after purchasing an additional 650 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of American Eagle Outfitters by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer’s stock worth $1,766,000 after buying an additional 724 shares during the period. Gallagher Fiduciary Advisors LLC lifted its stake in shares of American Eagle Outfitters by 5.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock worth $262,000 after acquiring an additional 783 shares during the last quarter. TCM Advisors LLC boosted its holdings in American Eagle Outfitters by 2.1% during the 4th quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer’s stock valued at $657,000 after acquiring an additional 800 shares during the period. Finally, Blue Trust Inc. grew its position in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 937 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.