Technical Outlook And Game Plan For American Eagle Outfitters Inc. (NYSE: AEO)

American Eagle Outfitters Inc. (AEO) concluded trading on Wednesday at a closing price of $23.88, with 3.45 million shares of worth about $82.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.85% during that period and on May 08, 2024 the price saw a loss of about -1.57%. Currently the company’s common shares owned by public are about 196.94M shares, out of which, 180.56M shares are available for trading.

Stock saw a price change of 0.76% in past 5 days and over the past one month there was a price change of -2.13%. Year-to-date (YTD), AEO shares are showing a performance of 12.85% which increased to 77.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.95 but also hit the highest price of $26.44 during that period. The average intraday trading volume for American Eagle Outfitters Inc. shares is 4.53 million. The stock is currently trading 1.99% above its 20-day simple moving average (SMA20), while that difference is up 0.07% for SMA50 and it goes to 21.55% higher than SMA200.

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American Eagle Outfitters Inc. (NYSE: AEO) currently have 196.94M outstanding shares and institutions hold larger chunk of about 99.21% of that.

The stock has a current market capitalization of $4.71B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 27.74, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 2.18 and has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AEO, volatility over the week remained 2.46% while standing at 3.05% over the month.

Analysts are in expectations that American Eagle Outfitters Inc. (AEO) stock would likely to be making an EPS of $American Electric Power Company in the current quarter, while forecast for next quarter EPS is $90.58 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Geo Group Inc (The) REIT which is $AutoZone, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Apollo Global Management, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 14.64% while it is estimated to increase by 10.29% in next year. EPS is likely to grow at an annualized rate of 12.70% for next 5-years, compared to annual growth of -10.10% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on April 09, 2024 offering an Overweight rating for the stock and assigned a target price of $31 to it. Coverage by Telsey Advisory Group stated American Eagle Outfitters Inc. (AEO) stock as a Market perform in their note to investors on March 08, 2024, suggesting a price target of $25 for the stock. On January 09, 2024, Telsey Advisory Group Reiterated their recommendations, while on November 15, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $19. Stock get an Overweight rating from Barclays on August 01, 2023.

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