JPMorgan Chase & Co. Issues Positive Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $19.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 26.66% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays reduced their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. The Goldman Sachs Group set a $22.00 price objective on shares of American Eagle Outfitters in a research note on Monday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective on shares of American Eagle Outfitters in a report on Monday, July 6th. Finally, TD Cowen cut their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.09.

American Eagle Outfitters Stock Up 1.4%

AEO traded up $0.23 on Tuesday, reaching $16.58. The company’s stock had a trading volume of 535,360 shares, compared to its average volume of 5,317,323. The stock has a 50 day moving average of $17.35 and a two-hundred day moving average of $18.51. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.23 and a beta of 1.32. American Eagle Outfitters has a fifty-two week low of $12.05 and a fifty-two week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share. As a group, analysts forecast that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the transaction, the director directly owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,563 shares of company stock worth $196,599 in the last 90 days. 8.95% of the stock is owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in American Eagle Outfitters in the 2nd quarter valued at about $458,632,000. Vanguard Group Inc. lifted its position in American Eagle Outfitters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after acquiring an additional 249,158 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of American Eagle Outfitters by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock valued at $154,663,000 after purchasing an additional 509,326 shares during the last quarter. State Street Corp lifted its holdings in shares of American Eagle Outfitters by 0.6% during the fourth quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock worth $174,210,000 after purchasing an additional 39,334 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of American Eagle Outfitters by 162.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after purchasing an additional 3,926,230 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.