The stock of American Eagle Outfitters Inc. (NYSE:AEO) last traded at $20.16, up 1.05% from the previous session.
Data from the available sources indicates that American Eagle Outfitters Inc. (NYSE:AEO) is covered by 12 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $13.00, we find $19.00. Given the previous closing price of $19.95, this indicates a potential downside of -4.76 percent. AEO stock price is now 13.16% away from the 50-day moving average and 37.76% away from the 200-day moving average. The market capitalization of the company currently stands at $3.98B.
In total, 8 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $18.64 as their price target over the next twelve months.
With the price target enhanced from $12.50 to $19, BofA Securities Upgraded its rating from Underperform to Neutral for American Eagle Outfitters Inc. (NYSE: AEO).
In other news, Rempell Michael R, EVP, Chief Operations Officer sold 40,000 shares of the company’s stock on Dec 04. The stock was sold for $782,000 at an average price of $19.55. Upon completion of the transaction, the EVP, Chief Operations Officer now directly owns 172,186 shares in the company, valued at $3.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, Global Brand President-aerie Foyle Jennifer M. sold 30,000 shares of the business’s stock. A total of $510,000 was realized by selling the stock at an average price of $17.00. This leaves the insider owning 232,459 shares of the company worth $4.69 million. Insiders disposed of 474,666 shares of company stock worth roughly $9.57 million over the past 1 year. A total of 8.34% of the company’s stock is owned by insiders.
With an opening price of $19.81 on Thursday morning, American Eagle Outfitters Inc. (NYSE: AEO) set off the trading day. During the past 12 months, American Eagle Outfitters Inc. has had a low of $9.95 and a high of $20.21. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 1.63, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $4.92B, which is based on a 18.20 price-to-earnings ratio, a 0.99 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for AEO is $17.91 and a two-hundred day moving average price translates $14.66 for the stock.
The latest earnings results from American Eagle Outfitters Inc. (NYSE: AEO) was released for Oct, 2023. According to the Apparel Retail Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.48 by 0.01. This compares to $0.42 EPS in the same period last year. The net profit margin was 4.30% and return on equity was 13.64% for AEO. The company reported revenue of $1.3 billion for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.87 percent. For the current quarter, analysts expect AEO to generate $1.62B in revenue.
American Eagle Outfitters Inc.(AEO) Company Profile
American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections. It also offers menswear products under the Todd Snyder New York brand; and fashion clothing and accessories under the Unsubscribed brand. The company sells its products through retail stores; digital channels, such as www.ae.com, www.aerie.com, www.toddsnyder.com, and www.unsubscribed.com; and applications. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania.
