The stock of American Eagle Outfitters (NYSE:AEO) is a huge mover today! The stock decreased 3.98% or $0.71 during the last trading session, hitting $17.15. About 5.84 million shares traded hands or 48.60% up from the average. American Eagle Outfitters (NYSE:AEO) has risen 11.44% since March 1, 2016 and is uptrending. It has underperformed by 0.78% the S&P500.
The move comes after 9 months negative chart setup for the $3.14 billion company. It was reported on Oct, 4 by Barchart.com. We have $15.95 PT which if reached, will make NYSE:AEO worth $219.80 million less.
American Eagle Outfitters (NYSE:AEO) Ratings Coverage
Out of 23 analysts covering American Eagle Outfitters (NYSE:AEO), 12 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 52% are positive. American Eagle Outfitters has been the topic of 40 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of American Eagle Outfitters (NYSE:AEO) earned “Outperform” rating by FBR Capital on Thursday, August 18. BB&T Capital downgraded American Eagle Outfitters (NYSE:AEO) on Monday, January 25 to “Hold” rating. Telsey Advisory Group maintained the shares of AEO in a report on Monday, August 15 with “Market Perform” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Wednesday, August 19. The stock of American Eagle Outfitters (NYSE:AEO) earned “Hold” rating by Wunderlich on Saturday, August 15. Wunderlich upgraded American Eagle Outfitters (NYSE:AEO) rating on Thursday, August 11. Wunderlich has “Buy” rating and $22 price target. Piper Jaffray upgraded the shares of AEO in a report on Tuesday, November 3 to “Overweight” rating. The stock of American Eagle Outfitters (NYSE:AEO) earned “Buy” rating by Bank of America on Tuesday, August 2. The stock of American Eagle Outfitters (NYSE:AEO) earned “Neutral” rating by Nomura on Thursday, August 18. The rating was maintained by Jefferies with “Buy” on Friday, May 27.
According to Zacks Investment Research, “American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. The company sources, designs, and markets a versatile line of timeless and relaxed clothing classics like jeans, khakis, and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition, improve profitability and increase sales.”
More notable recent American Eagle Outfitters (NYSE:AEO) news were published by: Blogs.Wsj.com which released: “CFO Moves: American Eagle Outfitters” on September 30, 2016, also Wsj.com with their article: “American Eagle Outfitters Names Bob Madore Chief Financial Officer” published on September 29, 2016, Seekingalpha.com published: “American Eagle Outfitters Is A Buy, Even To A Retail Bear” on October 01, 2016. More interesting news about American Eagle Outfitters (NYSE:AEO) were released by: Finance.Yahoo.com and their article: “Bright Pink® Partners With Aerie® and American Eagle Outfitters® for the 2016 …” published on September 30, 2016 as well as Seekingalpha.com‘s news article titled: “An American Eagle Outfitters Deep Dive” with publication date: September 26, 2016.
AEO Company Profile
American Eagle Outfitters, Inc. (AEO Inc.), incorporated on January 26, 1972, is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Firm operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct. The Firm 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. It also has license agreements with third parties to operate American Eagle Outfitters and Aerie stores throughout Asia, Europe, Latin America and the Middle East. The Firm operates over 950 American Eagle Outfitters stores and approximately 100 Aerie stand-alone stores. It has store base in approximately 140 locations in over 20 countries and its online business ships to approximately 80 countries around the world.
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