Stifel Keeps American Eagle Outfitters (AEO) at Hold; CEO Search, Merchandise Turnaround Still Concerning
Get Alerts AEO Hot Sheet
Price: $22.94 +1.37%
Rating Summary:
15 Buy, 17 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
15 Buy, 17 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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American Eagle Outfitters (NYSE: AEO) shares are lower Tuesday following Q4 results and outlook.
Ahead of the bell, AEO reported Q4 EPS of $.27, topping consensus views by 1 cent. However, the retailer said it expected a break even Q1 loss, while the Street was looking for EPS of $.13.
Stifel analyst Richard Jaffe maintains a Hold rating on the stock, saying,
For an analyst ratings summary and ratings history on AEO, click here. For more ratings news on the company, click here.
Ahead of the bell, AEO reported Q4 EPS of $.27, topping consensus views by 1 cent. However, the retailer said it expected a break even Q1 loss, while the Street was looking for EPS of $.13.
Stifel analyst Richard Jaffe maintains a Hold rating on the stock, saying,
Looking forward, we believe visibility for the turnaround of the business is hazy. We believe there is uncertainty surrounding both the merchandise turnaround and the CEO search. Finding a qualified CEO replacement will take time (the search for ex-CEO Hanson took nearly a year) and once a replacement is found, impact by the new CEO will take time to materialize.
For an analyst ratings summary and ratings history on AEO, click here. For more ratings news on the company, click here.
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