Stifel Affirms American Eagle Outfitters (AEO) at 'Hold'; Turnaround Still 'Hazy'

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Janney Capital Upgrades American Eagle Outfitters (AEO) to Buy

August 21, 2014 6:27 AM EDT

Janney Capital upgraded American Eagle Outfitters (NYSE: AEO) from Neutral to Buy with a price target of $15.00 (from $10.00).

Analyst Adrienne Tennant cited: 1) inventory dollar growth coming inline with sales dollar growth, 2) ongoing cost and operating efficiencies, 3) Gross Margin Return on Inventory Investment (GMROI) bottoming in 2Q14 and we predict positively inflecting in... More

American Eagle Outfitters (AEO) Management Optimistic, but CEO Search and Turnaround Remain Challenges - Stifel

August 20, 2014 2:15 PM EDT

Stifel comments on American Eagle Outfitters (NYSE: AEO) following the company's Q2 report and outlook, which was issued early Wednesday morning.

Analyst Richard Jaffe noted the following key points following AEO's quarterly call:Management is Optimistic - Management is encouraged by selling trends thus far in the 3Q, especially in the previously underperforming womens category. Womens tops and soft bottoms are performing well. Given the trend towards soft bottoms and away from denim, management correctly decreased its denim... More

American Eagle Outfitters, Inc. (AEO) Tops Q2 EPS by 3c; Comps Fall 7%

August 20, 2014 8:03 AM EDT

American Eagle Outfitters, Inc. (NYSE: AEO) reported Q2 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $711 million versus the consensus estimate of $689.95 million. Consolidated comparable sales decreased 7%, following a 7% decrease last year.

American Eagle Outfitters,... More