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American Eagle Outfitters Inc. (NYSE: AEO) In 2023: Bullish Or Bearish?

American Eagle Outfitters Inc. (NYSE:AEO) price on Friday, March 17, fall -4.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.80.

A look at the stock’s price movement, the close in the last trading session was $13.39, moving within a range at $12.79 and $13.3756. The beta value (5-Year monthly) was 1.51 while the PE ratio in trailing twelve months stood at 21.30. Turning to its 52-week performance, $19.47 and $9.46 were the 52-week high and 52-week low respectively. Overall, AEO moved -17.74% over the past month.

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American Eagle Outfitters Inc.’s market cap currently stands at around $2.47 billion, with investors looking forward to this quarter’s earnings report slated for May 24, 2023 – May 29, 2023. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 3.12%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.16, which has seen fiscal year 2024 EPS growth forecast to increase to $1.14 and about $1.25 for fiscal year 2025. Per the data, EPS growth is expected to be 17.50% for 2023 and 9.60% for the next financial year.

Analysts have a consensus estimate of $1.07 billion for the company’s revenue for the quarter, with a low and high estimate of $1.06 billion and $1.07 billion respectively. The average forecast suggests up to a 1.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $5.08 billion, representing a 1.90% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AEO is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

AEO’s current price about -9.27% and -14.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.52, while 7-day volatility ratio is 4.04% and 4.04% in the 30-day chart. Further, American Eagle Outfitters Inc. (AEO) has a beta value of 1.52, and an average true range (ATR) of 0.60.

In the market, a comparison of American Eagle Outfitters Inc. (AEO) and its peers suggest the former has performed considerably weaker. Data shows AEO’s intraday price has changed -4.41% in last session and -31.73% over the past year. Comparatively, Tilly’s Inc. (TLYS) has moved -2.88% on the day and only -23.77% in the past 12 months. Looking at another peer, we see that The Gap Inc. (GPS) price has dipped -3.29% on the day. However, the stock is -37.50% off its price a year ago. Moreover, Abercrombie & Fitch Co. (ANF) is also down -2.44% in trading on the day while keeping a a downtrend of -17.11% over the past year. If we look at the PE ratio, we find that American Eagle Outfitters Inc.’s ratio stands at 21.30 compared to Tilly’s Inc.’s 10.47. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on American Eagle Outfitters Inc. (NYSE:AEO), historical trading data shows that trading volumes averaged 4.58 million over the past 10 days and 3.85 million over the past 3 months. The company’s latest data on shares outstanding shows there are 186.31 million shares.

The 0.20% of American Eagle Outfitters Inc.’s shares are in the hands of company insiders while institutional holders own 97.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.84 million on Feb 27, 2023, giving us a short ratio of 4.19. The data shows that as of Feb 27, 2023 short interest in American Eagle Outfitters Inc. (AEO) stood at 7.38% of shares outstanding, with shares short falling to 14.26 million registered in Jan 30, 2023. Current price change has pushed the stock -8.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AEO stock continues to rise going into the next quarter.

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