Short Interest Don’t Lie: Does American Eagle Outfitters NE (NYSE:AEO) Have Gas After Even More Sellers Involved?

November 23, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Don't Lie: Does American Eagle Outfitters NE (NYSE:AEO) Have Gas After Even More Sellers Involved?

The stock of American Eagle Outfitters NE (NYSE:AEO) registered an increase of 5.69% in short interest. AEO’s total short interest was 41.37 million shares in November as published by FINRA. Its up 5.69% from 39.14M shares, reported previously. With 4.93 million shares average volume, it will take short sellers 8 days to cover their AEO’s short positions. The short interest to American Eagle Outfitters NE’s float is 25.11%. The stock increased 4.32% or $0.78 during the last trading session, hitting $18.82. American Eagle Outfitters (NYSE:AEO) has risen 19.34% since April 21, 2016 and is uptrending. It has outperformed by 14.01% the S&P500.

American Eagle Outfitters, Inc. 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 company has a market cap of $3.41 billion. 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. It has a 15.42 P/E ratio. It 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.

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. $25 is the highest target while $12 is the lowest. The $19.17 average target is 1.86% above today’s ($18.82) stock price. American Eagle Outfitters has been the topic of 44 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Suntrust Robinson maintained the shares of AEO in a report on Thursday, August 18 with “Buy” rating. The stock has “Neutral” rating given by Citigroup on Thursday, August 18. The stock of American Eagle Outfitters (NYSE:AEO) has “Hold” rating given on Saturday, August 15 by Wunderlich. The rating was downgraded by B. Riley & Co on Tuesday, September 15 to “Neutral”. The stock has “Buy” rating given by Bank of America on Tuesday, August 2. The stock has “Buy” rating given by B. Riley & Co on Wednesday, November 4. The firm has “Overweight” rating given on Tuesday, November 3 by Piper Jaffray. The stock of American Eagle Outfitters (NYSE:AEO) earned “Buy” rating by Jefferies on Friday, May 27. The company was initiated on Wednesday, October 7 by Citigroup. The rating was maintained by Morgan Stanley with “Sell” on Tuesday, August 25.

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.

More news for American Eagle Outfitters (NYSE:AEO) were recently published by: Prnewswire.com, which released: “American Eagle Outfitters Announces New #WeAllCan Campaign For Holiday 2016 …” on November 03, 2016. Finance.Yahoo.com‘s article titled: “The Zacks Analyst Blog Highlights: Amazon.com, American Eagle Outfitters …” and published on October 25, 2016 is yet another important article.

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By Hazel Jackson


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