American Eagle Outfitters Inc. (NYSE:AEO) does about 7.62M shares in volume on a normal day but saw 7599664 shares change hands in Friday trading. The company now has a market cap of 1.99B USD and an enterprise value of about $3.37B. Its current market price is $12.34, marking an increase of 2.83% compared to the previous close of $12.00. The 52 week high reached by this stock is $18.01 whilst the lowest price level in 52 weeks is $6.53. The script in recent trading has seen the stock touch a high of $12.355 and a low of $11.85.
American Eagle Outfitters Inc. (AEO) has a 20-day trading average at $11.34 and the current price is -31.48% off the 52-week high compared with 88.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.95 and its 200-day simple moving average is $11.67. If we look at the stock’s price movements over the week, volatility stands at 4.82%, which decreases to 4.80% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.02 to suggest the stock is neutral.
17 analysts observing the American Eagle Outfitters Inc. (AEO) stock have set the 12-month price targets for the company’s shares at between $7.00 and $20.00. The consensus objective for the share price is $13.26, suggesting that the stock has a potential upside of 6.94% over the period. The median price target is 5.08% away from the current levels at $13.00.
FactSet Research has provided data showing that 17 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 7 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 12, 2020 when JP Morgan upgraded the stock to “Overweight” and issued a price target of $17. Citigroup also upgraded the stock to “Buy” from Neutral on July 30, 2020 at a price target of $12-$14. Morgan Stanley upgraded its price target at $11.
The current price level is 10.00%, 12.68%, and 5.61% away from its SMA20, SMA50, and SMA200 respectively, with the AEO price moving below the 50-day SMA on August 28. American Eagle Outfitters Inc. (AEO) stock is up 14.90% over the week and 20.86% over the past month. Its price is -16.05% year-to-date and -27.20% over the past year.
The stock last released its quarterly earnings report for quarter ended 4/29/2020, with the company’s earnings per share (EPS) of -$0.84 below consensus estimates by -$0.54. The company’s next earnings report is expected on 09/09/2020, with forecasts estimating quarterly EPS at -$0.17 and -$0.34 for whole year. AEO’s earnings per share are forecast to shrink by -123.00% this year and 385.30% over next year. Expected sales for next quarter are $1.02 billion, which analysts say will come at $3.71 billion for the current fiscal year and next year at $4.27 billion. In addition, estimates put the company’s current quarterly revenue at an average of $820.19 million.
Its 12-month price target is $13.00. To reach the target analysts have set, the stock logically needs to grow 6.94 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $20.00.
Outstanding shares total 166.78M with insiders holding 7.03% of the shares and institutional holders owning 103.57% of the company’s common stock. The company has a return on investment of 14.40% and return on equity of -9.00%. The forward price to earnings ratio is 12.66. The beta has a value of 1.24. Price to book ratio is 2.06 and price to sales ratio is 0.50.
According to a U.S. Securities and Exchange Commission filing, Vanguard Selected Value Fund has reduced its position in American Eagle Outfitters Inc. (AEO) to 5,440,500 shares, mirroring a recent drop by -8.07%. Vanguard Selected Value Fund dumped -0.48 million shares of American Eagle Outfitters Inc. common stock bringing its total worth to about $54.41 million at the end of recent close, SEC documents show. Vanguard Selected Value Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 2819.0 shares to end up with 4,193,368 shares worth $41.93 million. iShares Core S&P Mid Cap ETF cut their holdings by -1.19% in the company over the course of the most recent quarter. It now holds a 2.49% position in American Eagle Outfitters Inc. thanks to 4.12 million shares amounting to $41.18 million.