American Eagle Outfitters (AEO) : Traders are bullish on American Eagle Outfitters (AEO) as it has outperformed the S&P 500 by a wide margin of 10.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.53% in the last 1 week, and is up 10.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Eagle Outfitters, Inc. is up 19.88% in the last 3-month period. Year-to-Date the stock performance stands at 24.72%. The stock has recorded a 20-day Moving Average of 4.69% and the 50-Day Moving Average is 13.4%.
American Eagle Outfitters (NYSE:AEO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.70 and $18.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.03, notching a gain of 1.66% for the day. The total traded volume was 7,776,620 . The stock had closed at $18.72 on the previous day.
Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on American Eagle Outfitters (NYSE:AEO). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Goldman Sachs lowers the price target from $13 per share to $12 per share. The rating by the firm was issued on August 18, 2016.
American Eagle Outfitters, Inc. is an apparel and accessories retailer. The Company offers clothing, accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories. The aerie brand is a collection of intimates and personal care products for women, such as bras and undies at the core, and offerings in sleep, swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1,000 retail stores in the United States and internationally, 955 American Eagle Outfitters stores, 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.