BlackRock Fund Advisors recently announced the acquisition of new stake in American Eagle Outfitters Inc. (NYSE:AEO). The institutional investor has increased its shareholding in the Consumer Cyclical company by 5.45% to 27.42 million shares with purchase of 1.42 million shares. This fresh investment now brings its stake to 13.89% valued currently at $465.05 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.99 million to 20.04 million shares. And Dimensional Fund Advisors LP has lifted its position by 14.20% or 1.31 million shares – to 10.54 million shares.
With over 5.91 million American Eagle Outfitters Inc. (AEO) shares trading Monday and a closing price of $14.48 on the day, the dollar volume was approximately $85.64 million. The shares have shown a positive half year performance of 13.12% and its price on 09/18/23 lost nearly -6.04%. Currently, there are 195.33M common shares owned by the public and among those 185.72M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for AEO have a consensus price objective of $17.29. The analysts have set the share’s price value over the next 12 months at a high of $24.00 and a low of $12.50. The average price target is 15.52% above its recent price level and a downside to the estimated low will see the stock lose -15.84% over that period. But an upside of 39.67% will see the stock hit the forecast high price target while median target price for the stock is $17.00.
Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 837,024 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 444,237 shares.
The top 3 mutual fund holders in American Eagle Outfitters Inc. are iShares Core S&P Small Cap ETF, Fidelity Blue Chip Growth Fund, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 12.96 million shares of the company’s stock, all valued at over $219.86 million. The company bought an additional 23138.0 shares recently to bring their total holdings to about 6.57% of the shares outstanding. Vanguard Total Stock Market ETF sold 866.0 shares to bring its total holdings to over 5.65 million shares at a value of $95.82 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.86% of the shares outstanding.
Shares of American Eagle Outfitters Inc. (NYSE: AEO) opened at $15.28, down -$0.13 from a prior closing price of $15.41. However, the script later moved the day high at 15.29, down -6.04%. The company’s stock has a 5-day price change of -8.70% and 23.34% over the past three months. AEO shares are trading 3.72% year to date (YTD), with the 12-month market performance up to 34.45% higher. It has a 12-month low price of $9.46 and touched a high of $17.53 over the same period. AEO has an average intraday trading volume of 4.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.34%, -2.52%, and 3.12% respectively.
Institutional ownership of American Eagle Outfitters Inc. (NYSE: AEO) shares accounts for 93.11% of the company’s 195.33M shares outstanding. Mutual fund holders own 37.02%, while other institutional holders and individual stakeholders account for 57.35% and 17.38% respectively.
It has a market capitalization of $2.84B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 14.03, while the earnings-per-share (ttm) stands at $1.03. The company has a PEG of 0.82 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.89% over the week and 3.52% over the month.
Analysts forecast that American Eagle Outfitters Inc. (AEO) will achieve an EPS of $0.46 for the current quarter, $0.43 for the next quarter and $1.38 for 2025. The lowest estimate earnings-per-share for the quarter is $0.43 while analysts give the company a high EPS estimate of $0.5. Comparatively, EPS for the current quarter was $0.42 a year ago. Earnings per share for the fiscal year are expected to decrease by -70.00%, and 5.65% over the next financial year. EPS should grow at an annualized rate of 17.06% over the next five years, compared to -10.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate American Eagle Outfitters Inc. (AEO) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 8 of the 13 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the AEO, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on August 01, 2023, with the firm’s price target at $11-$18.