The stock of American Eagle Outfitters (NYSE:AEO) is a huge mover today! About 6.09 million shares traded hands or 22.54% up from the average. American Eagle Outfitters (NYSE:AEO) has risen 13.10% since April 20, 2016 and is uptrending. It has outperformed by 8.55% the S&P500.
The move comes after 5 months positive chart setup for the $3.41B company. It was reported on Nov, 22 by Barchart.com. We have $19.06 PT which if reached, will make NYSE:AEO worth $102.30 million more.
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. The rating was downgraded by BMO Capital Markets to “Market Perform” on Wednesday, April 27. The firm earned “Hold” rating on Thursday, August 20 by Sterne Agee CRT. The rating was downgraded by Stephens on Thursday, August 20 to “Equal Weight”. The stock of American Eagle Outfitters (NYSE:AEO) has “Buy” rating given on Friday, May 27 by Jefferies. On Monday, November 7 the stock rating was downgraded by BlueFin Research to “Market Perform”. As per Tuesday, November 3, the company rating was upgraded by Piper Jaffray. Nomura maintained American Eagle Outfitters (NYSE:AEO) rating on Thursday, August 18. Nomura has “Neutral” rating and $17 price target. As per Monday, January 11, the company rating was maintained by Wolfe Research. On Thursday, May 19 the stock rating was maintained by JP Morgan with “Neutral”. The stock of American Eagle Outfitters (NYSE:AEO) earned “Neutral” rating by Citigroup on Wednesday, October 7.
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.”
Another recent and important American Eagle Outfitters (NYSE:AEO) news was published by Prnewswire.com which published an article titled: “American Eagle Outfitters Announces New #WeAllCan Campaign For Holiday 2016 …” on November 03, 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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