American Eagle (AEO) in Focus: Stock Falls 6.4%
American Eagle Outfitters, Inc. (AEO) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AEO, as the stock is now down over 12% in the past one-month time frame.
The apparel-shoe retailer has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
AEO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the same industry may consider better-ranked stocks like Christopher & Banks Corporation (CBK), Express Inc. (EXPR) and DSW Inc. (DSW). All these stocks carry a Zacks Rank #1 (Strong Buy).
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AMERICAN EAGLE OUTFITTERS NE (AEO): Free Stock Analysis Report
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