American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 15,130,000 shares, a decrease of 15.4% from the August 15th total of 17,880,000 shares. Based on an average daily volume of 4,940,000 shares, the days-to-cover ratio is currently 3.1 days.
American Eagle Outfitters Trading Up 2.6 %
NYSE:AEO traded up $0.51 during mid-day trading on Wednesday, hitting $19.90. 3,498,525 shares of the company’s stock were exchanged, compared to its average volume of 4,623,173. American Eagle Outfitters has a fifty-two week low of $14.39 and a fifty-two week high of $26.44. The firm has a market capitalization of $3.91 billion, a P/E ratio of 17.92, a PEG ratio of 0.95 and a beta of 1.50. The company has a 50 day simple moving average of $20.73 and a 200-day simple moving average of $22.10.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. American Eagle Outfitters’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, analysts expect that American Eagle Outfitters will post 1.78 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on American Eagle Outfitters
Insider Transactions at American Eagle Outfitters
In related news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On American Eagle Outfitters
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in American Eagle Outfitters by 30.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,840 shares of the apparel retailer’s stock worth $166,000 after purchasing an additional 1,815 shares during the last quarter. Norges Bank acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $20,917,000. PNC Financial Services Group Inc. lifted its holdings in American Eagle Outfitters by 11.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,884 shares of the apparel retailer’s stock valued at $484,000 after buying an additional 2,428 shares during the period. Wells Fargo & Company MN boosted its position in American Eagle Outfitters by 20.5% during the fourth quarter. Wells Fargo & Company MN now owns 322,696 shares of the apparel retailer’s stock valued at $6,828,000 after acquiring an additional 54,914 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in American Eagle Outfitters by 157.6% during the fourth quarter. Trexquant Investment LP now owns 694,881 shares of the apparel retailer’s stock valued at $14,704,000 after acquiring an additional 425,113 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.
About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.
Featured Stories
- Five stocks we like better than American Eagle Outfitters
- Canada Bond Market Holiday: How to Invest and Trade
- How Much Can You Make in Stocks in One Month?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- This Is the Top Large-Cap Stock Insiders Are Buying
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.