Geometry Dash APK Hill Climb Racing APK
29.6 F
New York
Friday, January 28, 2022

American Eagle Outfitters Inc. (AEO) Finding Strong Support

Must read

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Many stocks have been testing new highs in 2020, and one of the most notable is American Eagle Outfitters Inc. (AEO). Currently, AEO is trading at $13.06 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $11.44.

To add more color to this target, the company’s high over the last year is $18.42 and the low is $6.53. Over the last 52 weeks, AEO is down -29.08% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AEO reported a profit of $28.31 million. American Eagle Outfitters Inc. also saw revenues increase to $551.69 million. In addition, AEO has free cash flow of -$243.8 million as of 04-2020 The company’s EBITDA came in at -$314.82 million which compares well with its peers.

AEO booked profit margins of -2.70%, its Return on Equity (ROE) is -9.00%, and its Return on Assets is -3.10%. All told, it is clear that, AEO needs to be on your watchlist.

About American Eagle Outfitters Inc.

If readers are unfamiliar, American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women. In addition, it offers sports apparel under the Tailgate brand; and menswear products under the Todd Snyder New York brand name. As of February 1, 2020, it operated approximately 940 American Eagle stores, 148 Aerie stand-alone stores, 5 Tailgate stores, and two Todd Snyder stores in the United States, Canada, Mexico, China, and Hong Kong. It also ships to 81 countries through its Websites; and offers its merchandise at 217 locations operated by licensees in 24 countries, as well as provides products through its Websites ae.com, aerie.com, and ToddSnyder.com. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania.

Find out when AEO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AEO has a short ratio of 3.16 and outstanding shares of 166.78M.

Company Outlook

AEO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14.48 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.66. American Eagle Outfitters Inc. AEO also noted assets of $3.63 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AEO has historically followed its peers on positive news.

All told, American Eagle Outfitters Inc. AEO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AEO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

American Eagle Outfitters Inc. AEO is now commanding a market cap of 2.05B and a float of 153.90M. AEO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AEO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AEO, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service