Noteworthy Price Action: American Eagle Outfitters Stock Is Rising Now

the stock of American Eagle Outfitters (NYSE:AEO) is a huge mover today! About 826,346 shares traded hands. American Eagle Outfitters (NYSE:AEO) has risen 19.63% since April 25, 2016 and is uptrending. It has outperformed by 13.62% the S&P500.
The move comes after 7 months positive chart setup for the $3.31B company. It was reported on Nov, 28 by Barchart.com. We have $19.65 PT which if reached, will make NYSE:AEO worth $231.70 million more.

Analysts await American Eagle Outfitters (NYSE:AEO) to report earnings on November, 30 before the open. They expect $0.41 EPS, up 17.14% or $0.06 from last year’s $0.35 per share. AEO’s profit will be $73.92 million for 11.20 P/E if the $0.41 EPS becomes a reality. After $0.23 actual EPS reported by American Eagle Outfitters for the previous quarter, Wall Street now forecasts 78.26% EPS growth.

American Eagle Outfitters (NYSE:AEO) Ratings Coverage

Out of 24 analysts covering American Eagle Outfitters (NYSE:AEO), 11 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 46% are positive. American Eagle Outfitters has been the topic of 44 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Telsey Advisory Group given on Monday, August 15. Cowen & Co maintained the stock with “Outperform” rating in Thursday, September 17 report. The stock has “Outperform” rating given by Oppenheimer on Monday, August 17. Wolfe Research maintained American Eagle Outfitters (NYSE:AEO) rating on Monday, January 11. Wolfe Research has “Outperform” rating and $22 price target. The stock of American Eagle Outfitters (NYSE:AEO) earned “Buy” rating by Bank of America on Tuesday, August 2. The company was maintained on Thursday, August 18 by Citigroup. The firm earned “Neutral” rating on Thursday, August 20 by Nomura. Suntrust Robinson maintained American Eagle Outfitters (NYSE:AEO) rating on Thursday, August 18. Suntrust Robinson has “Buy” rating and $22 price target. The firm has “Market Perform” rating by BlueFin Research given on Monday, November 7. The firm earned “Hold” rating on Tuesday, August 4 by Zacks.

According to Zacks Investment Research, “American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. The company sources, designs, and markets a versatile line of timeless and relaxed clothing classics like jeans, khakis, and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition, improve profitability and increase sales.”

AEO Company Profile

American Eagle Outfitters, Inc. (AEO Inc.), incorporated on January 26, 1972, is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Firm operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct. The Firm offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. It also has license agreements with third parties to operate American Eagle Outfitters and Aerie stores throughout Asia, Europe, Latin America and the Middle East. The Firm operates over 950 American Eagle Outfitters stores and approximately 100 Aerie stand-alone stores. It has store base in approximately 140 locations in over 20 countries and its online business ships to approximately 80 countries around the world.