American Eagle Outfitters Inc. (AEO) receives an Overweight rating from Barclays


American Eagle Outfitters Inc.’s recently made public that its EVP, Chief Operations Officer Rempell Michael R unloaded Company’s shares for reported $40233.0 on Apr 10. In the deal valued at $13.56 per share,2,967 shares were sold. As a result of this transaction, Rempell Michael R now holds 172,003 shares worth roughly $ 2.72 million.

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Then, Rempell Michael R sold 5,761 shares, generating $76,794 in total proceeds. Upon selling the shares at $13.33, the EVP, Chief Operations Officer now owns 172,003 shares.

Before that, Rempell Michael R sold 12,510 shares. American Eagle Outfitters Inc. shares valued at $164,256 were divested by the EVP, Chief Operations Officer at a price of $13.13 per share. As a result of the transaction, Rempell Michael R now holds 172,003 shares, worth roughly $2.72 million.

Barclays upgraded its American Eagle Outfitters Inc. [AEO] rating to an Overweight from a an Equal weight in a research note published on Friday, August 01, 2023; the price target was increased to $18 from $11. PT values the company’s stock at a premium of 12.17 to its Friday closing price.

Price Performance Review of AEO

On Friday, American Eagle Outfitters Inc. [NYSE:AEO] saw its stock fall -0.25% to $15.81. On the same session, the stock had its day’s lowest price of $15.535, but rose to a high of $16.09. Over the last five days, the stock has lost -0.44%. American Eagle Outfitters Inc. shares have risen nearly 13.25% since the year began. Nevertheless, the stocks have risen 30.45% over the past one year. While a 52-week high of $17.09 was reached on 02/02/23, a 52-week low of $9.46 was recorded on 05/25/23. SMA at 50 days reached $13.59, while 200 days put it at $13.83. A total of 3.44 million shares were traded, compared to the trading of 3.82 million shares in the previous session.

Levels Of Support And Resistance For AEO Stock

The 24-hour chart illustrates a support level at 15.53, which if violated will result in even more drops to 15.26. On the upside, there is a resistance level at 16.09. A further resistance level may holdings at 16.37. The Relative Strength Index (RSI) on the 14-day chart is 66.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.23%. Stochastics %K at 67.78% indicates the stock is a holding.

How much short interest is there in American Eagle Outfitters Inc.?

A steep rise in short interest was recorded in American Eagle Outfitters Inc. stocks on Aug 14, 2023, dropping by -0.52 million shares to a total of 17.01 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 17.53 million shares. There was a decline of -3.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.61% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.25.

American Eagle Outfitters Inc. [AEO] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 27,420,324 shares, or roughly 13.89% of the outstanding AEO shares. In other words, the investor’s shares have risen by 1,416,458 from its previous 13-F filing of 26003866.0. Additionally, Fidelity Management & Research Co decreased -0.42% of its stake after which the total value it holdings stand at $349,915,981, while The Vanguard Group, Inc. added 5.18% of its stake to hold $281.54 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 1,310,470 shares of American Eagle Outfitters Inc., while Cooke & Bieler LP bought -101,250 shares. At present, SSgA Funds Management, Inc. is holding 7,243,454 shares valued at $101.77 million. Citadel Advisors LLC owned 4,478,975 shares of the company at the time of its most recent 13F filing, worth $62.93 million.

According to FactSet, American Eagle Outfitters Inc.’s share price will average $14.38 in the next year, based on opinions of analysts polled by the firm. This is down nearly -14.83 percent from its previous closing price of $15.85. Analysts expect American Eagle Outfitters Inc. stock to reach the higher price of $19.00, while the lowest price estimate is $10.50. However, 13 analysts have rated AEO stock as a Hold in their predictions for 2023.


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