Stocks of American Eagle Outfitters Inc. (NYSE:AEO) traded higher last session on Wall Street, down -2.18% to $25.10.
AEO stock price is now 10.34% away from the 50-day moving average and 37.87% away from the 200-day moving average. The market capitalization of the company currently stands at $4.96B.
With the price target enhanced from $22 to $25, Telsey Advisory Group maintained Market Perform rating for American Eagle Outfitters Inc. (NYSE: AEO). On January 09, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $19 to quote $22, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Keefer James H JR, SVP, Controller & CAO sold 7,000 shares of the company’s stock on Mar 28 ’24. The stock was sold for $180,747 at an average price of $25.82. Upon completion of the transaction, the SVP, Controller & CAO now directly owns 17,266 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, Global Brand President-aerie Foyle Jennifer M. sold 26,440 shares of the business’s stock. A total of $652,063 was realized by selling the stock at an average price of $24.66. This leaves the insider owning 226,497 shares of the company worth $5.69 million. A total of 8.38% of the company’s stock is owned by insiders.
During the past 12 months, American Eagle Outfitters Inc. has had a low of $9.95 and a high of $26.44. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.61, and a quick ratio of 0.89. According to the stock market information, the enterprise value for the company is $5.79B, which is based on a 29.16 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for AEO is $22.84 and a two-hundred day moving average price translates $18.27 for the stock.
The latest earnings results from American Eagle Outfitters Inc. (NYSE: AEO) was released for Feb, 2024. According to the Apparel Retail Company, earnings per share came in at $0.61, beating analysts’ expectations of $0.5 by 0.11. This compares to $0.29 EPS in the same period last year. The net profit margin was 3.23% and return on equity was 10.19% for AEO. The company reported revenue of $1.68 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.22 percent. For the current quarter, analysts expect AEO to generate $1.15B in revenue.
