American Eagle Outfitters (AEO) Short Interest Update

American Eagle Outfitters (NYSE:AEO) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 14,479,385 shares, a decline of 21.2% from the January 15th total of 18,376,603 shares. Currently, 8.9% of the shares of the stock are short sold. Based on an average daily volume of 3,092,292 shares, the days-to-cover ratio is currently 4.7 days.

Shares of AEO stock opened at $20.56 on Thursday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 17.72, a PEG ratio of 1.25 and a beta of 0.82. American Eagle Outfitters has a 12 month low of $17.00 and a 12 month high of $29.88.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Tuesday, December 11th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. American Eagle Outfitters had a return on equity of 21.28% and a net margin of 6.96%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Analysts anticipate that American Eagle Outfitters will post 1.47 EPS for the current year.

In related news, EVP Andrew J. Mclean sold 14,984 shares of the stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $18.26, for a total value of $273,607.84. Following the completion of the sale, the executive vice president now directly owns 14,984 shares of the company’s stock, valued at approximately $273,607.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth $35,000. Cornerstone Wealth Management LLC purchased a new stake in shares of American Eagle Outfitters during the third quarter valued at $273,000. Acadian Asset Management LLC increased its holdings in shares of American Eagle Outfitters by 131.5% during the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock worth $71,000 after buying an additional 2,079 shares during the last quarter. First Quadrant L P CA increased its stake in American Eagle Outfitters by 660.9% in the third quarter. First Quadrant L P CA now owns 4,459 shares of the apparel retailer’s stock valued at $111,000 after purchasing an additional 3,873 shares during the period. Finally, Captrust Financial Advisors acquired a new position in American Eagle Outfitters during the third quarter worth approximately $123,000. Institutional investors and hedge funds own 91.23% of the company’s stock.

A number of equities analysts recently commented on the stock. Bank of America cut shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 price target for the company. in a research note on Thursday, November 1st. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Monday, November 12th. Citigroup upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, October 19th. Wedbush set a $25.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Wednesday, December 12th. Finally, Deutsche Bank set a $23.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. American Eagle Outfitters currently has an average rating of “Buy” and an average price target of $24.86.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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