In last trading session, American Eagle Outfitters Inc. (NYSE:AEO) saw 3.31 million shares changing hands with its beta currently measuring 1.58. Company’s recent per share price level of $25.43 trading at -$0.45 or -1.74% at ring of the bell on the day assigns it a market valuation of $5.02B. That closing price of AEO’s stock is at a discount of -3.97% from its 52-week high price of $26.44 and is indicating a premium of 60.87% from its 52-week low price of $9.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.46 million shares which gives us an average trading volume of 4.55 million if we extend that period to 3-months.
American Eagle Outfitters Inc. (NYSE:AEO) trade information
Upright in the red during last session for losing -1.74%, in the last five days AEO remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $25.43 price level, adding 2.08% to its value on the day. American Eagle Outfitters Inc.’s shares saw a change of 20.18% in year-to-date performance and have moved 9.80% in past 5-day. American Eagle Outfitters Inc. (NYSE:AEO) showed a performance of 10.71% in past 30-days. Number of shares sold short was 14.44 million shares which calculate 4.02 days to cover the short interests.
American Eagle Outfitters Inc. (AEO) estimates and forecasts
Statistics highlight that American Eagle Outfitters Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 72.06% of value to its shares in past 6 months, showing an annual growth rate of 12.50% while that of industry is 6.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 52.90% in the current quarter and calculating 36.00% increase in the next quarter. This year revenue growth is estimated to rise 3.30% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.14 billion for the same. And 9 analysts are in estimates of company making revenue of $1.28 billion in the next quarter that will end on Jul 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.10% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 13.46% while estimates for its earnings growth in next 5 years are of 10.60%.
AEO Dividends
American Eagle Outfitters Inc. is more likely to be releasing its next quarterly report between May 22 and May 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
American Eagle Outfitters Inc. (NYSE:AEO)’s Major holders
Insiders are in possession of 6.05% of company’s total shares while institution are holding 102.49 percent of that, with stock having share float percentage of 109.09%. Investors also watch the number of corporate investors in a company very closely, which is 102.49% institutions for American Eagle Outfitters Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at AEO for having 29.43 million shares of worth $748.32 million. And as of Dec 30, 2023, it was holding 14.93% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 29.17 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 14.80% of outstanding shares, having a total worth of $741.79 million.
On the other hand, iShares Core S&P Smallcap ETF and Fidelity Blue Chip Growth Fund are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 12.62 million shares of worth $320.91 million or 6.40% of the total outstanding shares. The later fund manager was in possession of 10.86 million shares on Jan 30, 2024, making its stake of worth around $276.1 million in the company or a holder of 5.51% of company’s stock.
