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

American Eagle Outfitters (NYSE:AEO - Get Free Report) had its price objective lowered by equities researchers at 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 target price indicates a potential downside of 7.42% from the stock's previous close.

Several other equities analysts have also commented on the company. BMO Capital Markets restated 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. Barclays lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Finally, UBS Group reduced their price target on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $15.50.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO traded up $0.52 during trading on Monday, reaching $10.80. 7,762,138 shares of the company were exchanged, compared to its average volume of 5,142,333. The firm has a market capitalization of $1.86 billion, a PE ratio of 9.23, a P/E/G ratio of 0.82 and a beta of 1.40. The business's fifty day simple moving average is $12.09 and its 200-day simple moving average is $15.98. American Eagle Outfitters has a 12-month low of $9.45 and a 12-month high of $25.15.

Institutional Trading of American Eagle Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in American Eagle Outfitters by 51.8% in the third quarter. Barclays PLC now owns 298,263 shares of the apparel retailer's stock valued at $6,679,000 after buying an additional 101,795 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of American Eagle Outfitters during the third quarter worth $141,000. Franklin Resources Inc. raised its holdings in shares of American Eagle Outfitters by 2.2% during the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer's stock worth $14,266,000 after purchasing an additional 15,038 shares during the last quarter. Principal Financial Group Inc. lifted its position in American Eagle Outfitters by 8.4% during the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer's stock valued at $65,341,000 after purchasing an additional 226,821 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in American Eagle Outfitters in the fourth quarter valued at $1,557,000. Institutional investors and hedge funds 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.