UBS Maintains a 'Neutral' on American Eagle Outfitters (AEO); Raising PT and Estimates on Strong Q1
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Price: $16.17 -0.8%
Rating Summary:
12 Buy, 24 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 24 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on American Eagle Outfitters (NYSE: AEO) price target raised from $17 to $21.
Analyst, Roxanne Meyer, said, "AEO preannounced strong Q1 sales and margins with comps incl DTC +17% (positive all months with March highest, Feb lowest)...FY12 guidance of $1.06-1.12 (vs Street’s $1.07) seems conservative, as it implies that Q2/Q3/Q4 estimates need to come down by $0.04-0.10. We see gross margins upside for these quarters as we currently are only crediting AEO for the reversal of sourcing cost hikes; add’l upside is likely if promos decline/inventory retreats...Raising our Q1 estimate to $0.20 from $0.11, FY12 to $1.16 from $1.04."
For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.
Shares of American Eagle Outfitters closed at $20.90 yesterday.
Analyst, Roxanne Meyer, said, "AEO preannounced strong Q1 sales and margins with comps incl DTC +17% (positive all months with March highest, Feb lowest)...FY12 guidance of $1.06-1.12 (vs Street’s $1.07) seems conservative, as it implies that Q2/Q3/Q4 estimates need to come down by $0.04-0.10. We see gross margins upside for these quarters as we currently are only crediting AEO for the reversal of sourcing cost hikes; add’l upside is likely if promos decline/inventory retreats...Raising our Q1 estimate to $0.20 from $0.11, FY12 to $1.16 from $1.04."
For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.
Shares of American Eagle Outfitters closed at $20.90 yesterday.
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