American Eagle Outfitters Inc. [AEO] Director makes an insider acquire of 432 shares worth 5,207.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Eagle Outfitters Inc. shares valued at $5,207 were purchased by Sable David M. on Jul 22. At $12.06 per share, Sable David M. acquired 432 shares. The insider’s holdings grew to 32,859 shares worth approximately $0.4 million following the completion of this transaction.


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Also, Sable David M. purchased 500 shares, netting a total of over 5,948 in proceeds. Following the buying of shares at $11.89 each, the insider now holds 28,920 shares.

Before that, Spiegel Noel Joseph had added 10,000 shares to its account. In a trade valued at $115,000, the Director bought American Eagle Outfitters Inc. shares for $11.50 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.49 million.

As published in a research note from Cowen on August 01, 2022, American Eagle Outfitters Inc. [AEO] has been rated down from an Outperform to a Market perform and the price target has been revised to $13 from $25. This represents a 6.46% premium over Thursday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late July. As of June 17, 2022, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for AEO. Earlier on May 31, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for AEO stock which previously was a “an Equal-weight”.

Analyzing AEO’s Price Performance

On Thursday, American Eagle Outfitters Inc. [NYSE: AEO] plunged -1.22% to $12.16. The stock’s lowest price that day was $12.055, but it reached a high of $12.42 in the same session. During the last five days, there has been a surge of approximately 1.42%. Over the course of the year, American Eagle Outfitters Inc. shares have dropped approximately -51.97%. Shares of the company reached a 52-week high of $26.08 on 01/03/22 and a 52-week low of $10.82 on 07/26/22. A 50-day SMA is recorded $12.08, while a 200-day SMA reached $19.00. Nevertheless, trading volume fell to 3.18 million shares from 3.52 million shares the previous day.

Support And Resistance Levels for American Eagle Outfitters Inc. (AEO)

According to the 24-hour chart, there is a support level at 12.00, which, if violated, would cause prices to drop to 11.85. In the upper region, resistance lies at 12.37. The next price resistance is at 12.58. RSI (Relative Strength Index) is 51.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 25.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is American Eagle Outfitters Inc. subject to short interest?

Stocks of American Eagle Outfitters Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -7.42 million shares to 26.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 33.75 million shares. A decline of -28.18% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.05 of the overall float, the days-to-cover ratio (short ratio) decline to 4.05.

Which companies own the most shares of American Eagle Outfitters Inc. (AEO)?

According to Select Equity Group LP filings, the company currently owns 24,946,564 shares, which is about 14.73% of the total AEO shares outstanding. The investor’s shares have appreciated by 3,017,169 from its previous 13-F filing of 21929395.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $269,970,414. BlackRock Fund Advisors reduced a -2.53% interest valued at $178.74 million while The Vanguard Group, Inc. purchased a 903,034 stake. A total of -132,190 shares of American Eagle Outfitters Inc. were bought by Cooke & Bieler LP during the quarter, and -1,372,701 were sold by Atreides Management LP. In its current portfolio, Dimensional Fund Advisors LP holds 5,924,912 shares valued at $66.24 million.

In terms of American Eagle Outfitters Inc. share price expectations, FactSet research, analysts set an average price target of $14.17 in the next 12 months, up nearly 5.61% from the previous closing price of $12.31. Analysts anticipate American Eagle Outfitters Inc. stock to reach $27.00 by 2022, with the lowest price target being $8.00. In spite of this, 13 analysts ranked American Eagle Outfitters Inc. stock as a Hold at the end of 2022. On May 27, 2022, JP Morgan assigned a price target of “a Neutral” to the stock and downgraded coverage with a $15.

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