American Eagle Outfitters (AEO) Stock Falling Despite Earnings Beat

American Eagle Outfitters (AEO) Stock Falling Despite Earnings Beat

Shares of American Eagle Outfitters (NYSE:AEO) traded up 0.16% on Friday, hitting $18.38. The company earned $797 million during the quarter, compared to analyst estimates of $768.26 million. Earnings per share were $0.17. The higher estimate has been put at $23 price target with the lower price estimate is calculated at $12 Many analysts have commented on the company rating.



American Eagle Outfitters stock opened at $17.55 on Wednesday, a drop from Tuesday’s closing price of $18.27.

American Eagle Outfitters (AEO) and Abercrombie & Fitch (ANF) were once fashion royalty among teenagers, but competition from modestly-priced retailers like H&M and Forever 21 have caused sales to plummet in recent years. Finally, Nomura raised their price target on shares of American Eagle Outfitters from $16.00 to $17.00 and gave the stock a neutral rating in a research report on Thursday, May 21st.

The stock price of American Eagle Outfitters has risen 43.47% over the last 200 days, and is in mighty up trend.

“Our customers have taken notice of improvements to our merchandise and overall customer experience”, said the company’s interim CEO Jay Schottenstein, in a press release. The company now has a consensus rating of “Buy” and a consensus price target of $17.48. According to the information by the brokerage house, CRT Capital maintains its outlook on American Eagle Outfitters, Inc. The stock was bought at an average price of $16.86 per share, for a total transaction of $101,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

American Eagle Outfitters (NYSE:AEO) issued an update on its third quarter earnings guidance on Wednesday morning. The firm has a market cap of $3.59 billion and a price-to-earnings ratio of 33.91. The stock has a 52 week low of $11.77 and a 52 week high of $18.49.

The company had expected per-share earnings between 11 cents and 14 cents. Stockholders of record on Monday, July 6th were paid a $0.125 dividend. The surprise factor was 36.36% which was $0.04 away from the expected number. The ex-dividend date of this dividend was Wednesday, July 1st. The Company offers clothing, accessories and personal care products. As of January 28, 2012, the Company operated 1,090 stores in the United States and Canada under the American Eagle Outfitters, aerie and 77kids brands. The American Eagle Outfitters brand offers denims, slacks, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories. The aerie brand is a range of intimates and personal care products for women, like bras and undies at the core, and offerings in slumber, swim and clothes. The Business manages around 1,000 retail stores in the United States and worldwide, Eagle Outfitters stores, 101 aerie stand-alone shops and 99 third party operated shops.

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