American Eagle Outfitters stock fell Wednesday, a day after the clothing retailer withdrew its full-year outlook and JPMorgan analysts responded by lowering their price target.

Shares of American Eagle Outfitters (NYSE:AEO) slumped 16% after the bell on Tuesday. The clothing company pulled back its full-year forecast, citing macro uncertainty, and said it is "actively evaluating" its forward plans.

American Eagle Outfitters scrapped its outlook for the year, stating that macroeconomic uncertainty has made it too difficult to predict consumer spending.