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NEW YORK ( TheStreet) -- American Eagle Outfitters (NYSE: AEO) hit a new 52-week high Thursday as it is currently trading at $16.99, above its previous 52-week high of $16.93 with 775,989 shares traded as of 10 a.m. ET. Average volume has been 4.5 million shares over the past 30 days. American Eagle Outfitters has a market cap of $2.69 billion and is part of the services sector and retail industry. Shares are up 9.8% year to date as of the close of trading on Wednesday. American Eagle Outfitters, Inc. operates as an apparel and accessories retailer in the United States and Canada. The company has a P/E ratio of 21.5, above the average retail industry P/E ratio of 14.6 and above the S&P 500 P/E ratio of 17.7.