American Eagle Outfitters Sees Large Increase in Short Interest (AEO)
Shares of American Eagle Outfitters (NYSE:AEO) were the target of a significant growth in short interest in May. As of May 30th, there was short interest totalling 27,163,411 shares, a growth of 11.8% from the May 15th total of 24,305,822 shares, American Banking and Market News reports. Based on an average daily volume of 6,403,883 shares, the short-interest ratio is presently 4.2 days. Currently, 16.1% of the shares of the stock are short sold.
A number of research firms have recently commented on AEO. Analysts at Zacks upgraded shares of American Eagle Outfitters from an “underperform” rating to a “neutral” rating in a research note on Friday. They now have a $12.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of American Eagle Outfitters in a research note on Friday. They set an “equal weight” rating and a $12.00 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of American Eagle Outfitters in a research note on Thursday, June 12th. They set a “fair value” rating and a $11.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.81.
American Eagle Outfitters (NYSE:AEO) opened at 11.58 on Monday. American Eagle Outfitters has a 52-week low of $10.12 and a 52-week high of $20.12. The stock has a 50-day moving average of $11.20 and a 200-day moving average of $12.90. The company has a market cap of $2.251 billion and a P/E ratio of 37.70.
American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, May 21st. The company reported $0.02 earnings per share for the quarter. The company had revenue of $646.00 million for the quarter, compared to the consensus estimate of $648.73 million. During the same quarter last year, the company posted $0.18 earnings per share. American Eagle Outfitters’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters will post $0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Monday, June 30th.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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