American Eagle Outfitters (NYSE:AEO) Given New $17.00 Price Target at JPMorgan Chase & Co.

American Eagle Outfitters (NYSE:AEO – Get Rating) had its price objective lifted by JPMorgan Chase & Co. from $15.00 to $17.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a neutral rating on the apparel retailer’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley restated an underweight rating and set a $12.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, January 12th. BMO Capital Markets increased their price objective on shares of American Eagle Outfitters from $10.00 to $14.00 and gave the company a market perform rating in a report on Wednesday, November 23rd. Telsey Advisory Group boosted their target price on American Eagle Outfitters from $13.00 to $17.00 and gave the stock a market perform rating in a report on Wednesday, November 23rd. Cowen increased their price target on American Eagle Outfitters to $15.00 in a research note on Thursday, November 24th. Finally, UBS Group lifted their price target on American Eagle Outfitters to $23.00 in a research report on Monday, November 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $16.54.

American Eagle Outfitters Price Performance

NYSE AEO opened at $15.81 on Monday. The company has a 50-day moving average price of $14.91 and a two-hundred day moving average price of $12.60. American Eagle Outfitters has a 52 week low of $9.46 and a 52 week high of $24.50. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.41. The company has a current ratio of 1.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.28.

American Eagle Outfitters (NYSE:AEO – Get Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a return on equity of 13.56% and a net margin of 2.42%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. Analysts forecast that American Eagle Outfitters will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Xponance Inc. lifted its position in shares of American Eagle Outfitters by 7.0% in the 2nd quarter. Xponance Inc. now owns 24,094 shares of the apparel retailer’s stock valued at $269,000 after acquiring an additional 1,582 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of American Eagle Outfitters by 1,285.1% in the second quarter. Federated Hermes Inc. now owns 2,981,308 shares of the apparel retailer’s stock valued at $33,332,000 after purchasing an additional 2,766,061 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of American Eagle Outfitters in the second quarter worth $1,990,000. Leeward Investments LLC MA grew its holdings in shares of American Eagle Outfitters by 17.5% during the second quarter. Leeward Investments LLC MA now owns 756,995 shares of the apparel retailer’s stock valued at $8,463,000 after buying an additional 113,009 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in American Eagle Outfitters by 22.6% during the second quarter. Nisa Investment Advisors LLC now owns 41,088 shares of the apparel retailer’s stock valued at $459,000 after buying an additional 7,568 shares during the period. 93.34% of the stock is currently owned by institutional investors and hedge funds.

About American Eagle Outfitters

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.