American Eagle Outfitters’ Stock Reached Our Target Price and Insider Are Selling too
Jan 07, 2020 InvestorDestination Team
Even during these challenging times, America Eagle Outfitters' (NYSE: AEO) Aerie brand is performing well. In the 3rd quarter, the brand generated 34% revenue growth. In these times of working and learning from home, Aerie brand's line of comfortable clothes helped its momentum to continue. However, the stock reached our target price, and some of the insiders are selling the stock. Fashion is a cyclical business. So, we are exiting the trade.
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