The stock of American Eagle Outfitters (NYSE:AEO) is a huge mover today! About 19.73 million shares traded hands or 262.68% up from the average. American Eagle Outfitters (NYSE:AEO) has risen 28.03% since April 27, 2016 and is uptrending. It has outperformed by 22.80% the S&P500.
The move comes after 6 months negative chart setup for the $3.10 billion company. It was reported on Nov, 30 by Barchart.com. We have $16.07 PT which if reached, will make NYSE:AEO worth $93.00M less.
American Eagle Outfitters (NYSE:AEO) Ratings Coverage
Out of 24 analysts covering American Eagle Outfitters (NYSE:AEO), 11 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 46% are positive. American Eagle Outfitters has been the topic of 44 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Neutral” rating and $19 target price in Thursday, August 18 report. Wunderlich upgraded American Eagle Outfitters (NYSE:AEO) rating on Thursday, August 11. Wunderlich has “Buy” rating and $22 price target. The firm earned “Hold” rating on Saturday, August 15 by Wunderlich. As per Thursday, May 19, the company rating was maintained by JP Morgan. The rating was downgraded by Telsey Advisory Group to “Market Perform” on Monday, January 11. The firm earned “Outperform” rating on Tuesday, August 25 by FBR Capital. The stock of American Eagle Outfitters (NYSE:AEO) has “Market Perform” rating given on Wednesday, April 27 by BMO Capital Markets. The firm earned “Market Perform” rating on Monday, August 15 by Telsey Advisory Group. The rating was maintained by Wolfe Research on Friday, May 20 with “Outperform”. The firm has “Equal Weight” rating by Stephens given on Thursday, August 20.
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: Rttnews.com which released: “American Eagle Outfitters appoints Bob Madore as EVP, Chief Financial Officer” on September 29, 2016, also Fortune.com with their article: “Here’s Why American Eagle Outfitters Shares Are Plunging” published on November 30, 2016, Marketwatch.com published: “American Eagle Outfitters shares sink on weak outlook” on November 30, 2016. More interesting news about American Eagle Outfitters (NYSE:AEO) were released by: Nasdaq.com and their article: “Earnings Reaction History: American Eagle Outfitters, Inc., 22.2% Follow …” published on November 30, 2016 as well as Reuters.com‘s news article titled: “BRIEF-American Eagle Outfitters Q3 earnings per share $0.41” with publication date: November 30, 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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