American Eagle Outfitters Announces Three-Year Strategy to Power Profitable Growth; Clear Path to $5.7 to $6.0B in Revenue and an Approximate 10% Operating Margin Rate

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Go back to American Eagle Outfitters Announces Three-Year Strategy to Power Profitable Growth; Clear Path to $5.7 to $6.0B in Revenue and an Approximate 10% Operating Margin Rate

American Eagle Outfitters (AEO) PT Raised to $23 at TD Cowen

March 11, 2024 4:10 PM EDT

TD Cowen analyst Jonna Kim raised the price target on American Eagle Outfitters (NYSE: AEO) to $23.00 (from $21.00) while maintaining a Market Perform rating.

The analyst comments "AEO delivered a 11c 4Q23 EPS beat driven by gross margin upside and introduced FY24 and 1Q24 guide both above expectations.... More

American Eagle Outfitters (AEO) tops Q4 expectations, unveils growth strategy

March 7, 2024 8:24 AM EST

American Eagle Outfitters (NYSE: AEO) reported a strong finish to its fiscal year with fourth-quarter earnings and revenue that topped Wall Street expectations, sending its shares up 13% in response to the upbeat results and the unveiling of an ambitious three-year growth strategy.

The retailer announced adjusted earnings per share (EPS) of $0.61 for the quarter, surpassing the analyst consensus of $0.50. Revenue reached $1.7 billion, exceeding the $1.66 billion estimate and representing a 12% increase... More