American Eagle Outfitters (AEO) Tops Q3 EPS by 1c, Misses on Revenue

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JPMorgan Downgrades American Eagle Outfitters (AEO) to Neutral

December 5, 2024 5:32 AM EST

JPMorgan analyst Matthew Boss downgraded American Eagle Outfitters (NYSE: AEO) from Overweight to Neutral with a price target of $23.00 (from $27.00).

The analyst comments "AEO reported 3Q adj. EPS of $0.48 (vs. Street $0.47) with (i) +3% same-store-sales (in-line w/ Street +3% & low-end of mgmts +3-4% guide), (ii) -90bps of gross margin contraction Y/Y to 40.9% (50bps below Street 41.4%), and (iii) SG&A leverage of 50bps Y/Y to 27.3% ( Street 9.5%). On the top-line - management quantified in our callback a ~100bps comp headwind tied to unfavorable weather in 3Q (= notably September/October... More

American Eagle Outfitters (AEO) PT Lowered to $21 at Citi

December 5, 2024 5:23 AM EST

Citi analyst Paul Lejuez lowered the price target on American Eagle Outfitters (NYSE: AEO) to $21.00 (from $22.00) while maintaining a Neutral rating.

The analyst comments "3Q was a mixed qtr, with comps +3% in-line w/cons driven by positive comps at both... More