Could American Eagle Outfitters, Inc. (AEO) Change Direction After Reaching 52-Week High?

May 18, 2018 - By Adrian Erickson

American Eagle Outfitters, Inc. (NYSE:AEO) Logo

The stock of American Eagle Outfitters, Inc. (NYSE:AEO) hit a new 52-week high and has $23.92 target or 4.00 % above today’s $23.00 share price. The 6 months bullish chart indicates low risk for the $4.05 billion company. The 1-year high was reported on May, 18 by Barchart.com. If the $23.92 price target is reached, the company will be worth $162.08M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.31% or $0.07 during the last trading session, reaching $23. About 655,334 shares traded. American Eagle Outfitters, Inc. (NYSE:AEO) has risen 39.60% since May 18, 2017 and is uptrending. It has outperformed by 28.05% the S&P500.

Analysts await American Eagle Outfitters, Inc. (NYSE:AEO) to report earnings on May, 31 before the open. They expect $0.22 EPS, up 37.50 % or $0.06 from last year’s $0.16 per share. AEO’s profit will be $38.76M for 26.14 P/E if the $0.22 EPS becomes a reality. After $0.44 actual EPS reported by American Eagle Outfitters, Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

American Eagle Outfitters, Inc. (NYSE:AEO) Ratings Coverage

Among 14 analysts covering American Eagle (NYSE:AEO), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. American Eagle has $2500 highest and $15.0 lowest target. $21.07’s average target is -8.39% below currents $23 stock price. American Eagle had 22 analyst reports since December 6, 2017 according to SRatingsIntel. Loop Capital Markets initiated American Eagle Outfitters, Inc. (NYSE:AEO) on Thursday, March 22 with “Buy” rating. As per Wednesday, December 6, the company rating was maintained by Jefferies. The stock of American Eagle Outfitters, Inc. (NYSE:AEO) earned “Hold” rating by Oppenheimer on Thursday, April 12. Cowen & Co maintained American Eagle Outfitters, Inc. (NYSE:AEO) rating on Thursday, January 18. Cowen & Co has “Buy” rating and $20.0 target. The company was maintained on Tuesday, January 2 by Telsey Advisory Group. The stock of American Eagle Outfitters, Inc. (NYSE:AEO) earned “Buy” rating by Buckingham Research on Friday, March 9. The stock of American Eagle Outfitters, Inc. (NYSE:AEO) earned “Buy” rating by RBC Capital Markets on Thursday, March 8. The firm earned “Buy” rating on Monday, January 8 by SunTrust. Jefferies maintained American Eagle Outfitters, Inc. (NYSE:AEO) on Monday, December 18 with “Buy” rating. FBR Capital maintained it with “Buy” rating and $18.0 target in Friday, December 15 report.

More news for American Eagle Outfitters, Inc. (NYSE:AEO) were recently published by: Seekingalpha.com, which released: “Nice bounce for chain store sales” on May 08, 2018. Seekingalpha.com‘s article titled: “Macy’s lights up retail sector with ‘healthy’ report” and published on May 16, 2018 is yet another important article.

American Eagle Outfitters, Inc. operates as a specialty retailer offering on-trend clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company has market cap of $4.05 billion. The firm provides jeans, and other apparel and accessories for men and women; and intimates, including bras, undies, swim, sleep, and other products, as well as apparel and personal care products for women. It has a 20.35 P/E ratio. In addition, it offers sports apparel under the Tailgate brand; and menswear products under the Todd Snyder New York brand name.

American Eagle Outfitters, Inc. (NYSE:AEO) Ratings Chart

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