JPMorgan Chase & Co. Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its target price reduced by analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 25.00% from the stock’s previous close.

A number of other brokerages also recently weighed in on AEO. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a report on Tuesday, March 11th. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday. Morgan Stanley decreased their price objective on shares of American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Telsey Advisory Group decreased 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $14.80.

American Eagle Outfitters Stock Up 0.8%

Shares of AEO stock opened at $12.00 on Wednesday. The company’s fifty day simple moving average is $11.27 and its 200-day simple moving average is $14.73. The firm has a market cap of $2.07 billion, a PE ratio of 10.26, a P/E/G ratio of 0.82 and a beta of 1.56. American Eagle Outfitters has a 12 month low of $9.45 and a 12 month high of $24.26.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AEO. Barclays PLC grew its holdings in shares of American Eagle Outfitters by 51.8% during the third quarter. Barclays PLC now owns 298,263 shares of the apparel retailer’s stock worth $6,679,000 after purchasing an additional 101,795 shares in the last quarter. Park Avenue Securities LLC bought a new stake in American Eagle Outfitters in the 4th quarter worth approximately $195,000. Hennion & Walsh Asset Management Inc. lifted its position in American Eagle Outfitters by 9.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 39,534 shares of the apparel retailer’s stock worth $659,000 after buying an additional 3,267 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in American Eagle Outfitters in the 4th quarter worth approximately $185,000. Finally, Hennessy Advisors Inc. lifted its position in American Eagle Outfitters by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 385,800 shares of the apparel retailer’s stock worth $6,431,000 after buying an additional 24,600 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.