JPMorgan Chase & Co. Lowers American Eagle Outfitters (NYSE:AEO) Price Target to $15.00

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

A number of other research analysts have also issued reports on AEO. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Bank of America dropped their target price on American Eagle Outfitters from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Raymond James began coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a "market perform" rating on the stock. Barclays lowered American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Finally, BMO Capital Markets reaffirmed 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, March 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of "Hold" and a consensus target price of $16.00.

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American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded up $0.78 during midday trading on Thursday, hitting $11.84. 6,760,100 shares of the company's stock were exchanged, compared to its average volume of 4,994,477. American Eagle Outfitters has a 12-month low of $10.74 and a 12-month high of $26.25. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm's 50 day simple moving average is $14.76 and its 200 day simple moving average is $17.58.

American Eagle Outfitters Announces Dividend

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 issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 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 company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Large investors have recently made changes to their positions in the stock. Zacks Investment Management acquired a new stake in shares of American Eagle Outfitters during the third quarter valued at $931,000. Intech Investment Management LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter valued at $3,731,000. NFJ Investment Group LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter valued at $2,680,000. Smartleaf Asset Management LLC boosted its stake in shares of American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after acquiring an additional 1,944 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of American Eagle Outfitters during the fourth quarter valued at $378,000. Institutional investors and hedge funds own 97.33% of the company's stock.

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.