With over 7.97 million American Eagle Outfitters Inc. (AEO) shares trading Monday and a closing price of $17.23 on the day, the dollar volume was approximately $137.29 million. The shares have shown a positive half year performance of 60.28% and its price on 11/27/23 gained nearly 3.48%. Currently, there are 195.06M common shares owned by the public and among those 181.06M 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: 12 analysts who have offered their price forecasts for AEO have a consensus price objective of $18.27. The analysts have set the share’s price value over the next 12 months at a high of $24.00 and a low of $13.00. The average price target is 5.69% above its recent price level and a downside to the estimated low will see the stock lose -32.54% over that period. But an upside of 28.21% will see the stock hit the forecast high price target while median target price for the stock is $19.00.
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Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 865,494 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 474,666 shares.
Shares of American Eagle Outfitters Inc. (NYSE: AEO) opened at $16.58, down -$0.07 from a prior closing price of $16.65. However, the script later moved the day high at 17.32, up 3.48%. The company’s stock has a 5-day price change of -12.14% and 5.06% over the past three months. AEO shares are trading 23.42% year to date (YTD), with the 12-month market performance up to 9.05% higher. It has a 12-month low price of $9.95 and touched a high of $20.21 over the same period. AEO has an average intraday trading volume of 5.37 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 -5.32%, 0.38%, and 18.86% respectively.
Institutional ownership of American Eagle Outfitters Inc. (NYSE: AEO) shares accounts for 91.62% of the company’s 195.06M shares outstanding.
It has a market capitalization of $3.40B and a beta (3y monthly) value of 1.42. The stock’s trailing 12-month PE ratio is 15.56, while the earnings-per-share (ttm) stands at $1.11. The company has a PEG of 0.84 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.36% over the week and 3.34% over the month.
Analysts forecast that American Eagle Outfitters Inc. (AEO) will achieve an EPS of $0.43 for the current quarter, $0.22 for the next quarter and $1.44 for 2025. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.37 a year ago. Earnings per share for the fiscal year are expected to increase by 38.17%, and 7.54% over the next financial year. EPS should grow at an annualized rate of 18.42% over the next five years, compared to -10.85% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate American Eagle Outfitters Inc. (AEO) as a “Moderate Buy” at a consensus score of 2.75. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 8 of the 12 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. BofA Securities stated their Neutral rating for the stock in a research note on November 15, 2023, with the firm’s price target at $12.50-$19.
