American Eagle gives downbeat sales, profit view

American Eagle Outfitters (NYSE:AEO) reported net income for the fourth quarter of $ 54.62 million or $ 0.30 per share, compared to income $ 81.71 million or $ 0.42 per share for the year-ago quarter. 23, 2016, the shares were put up for sale at an average price of $15.85, raking in a sum of $75,826. Mizuho lowered their price objective on American Eagle Outfitters to $15.00 in a research note on Wednesday.

01/24/2017 - Buckingham Research began new coverage on American Eagle Outfitters, Inc. giving the company a "neutral" rating. Ardevora Asset Management LLP now owns 1,325,400 shares of the apparel retailer's stock valued at $21,114,000 after buying an additional 195,400 shares during the period.

American Eagle also took a $21 million impairment and restructuring charge related to its owned stores in the U.K., China and Hong Kong. This company shares are 27.55% off its target price of $18.29 and the current market capitalization stands at $2.52B. Vetr downgraded American Eagle Outfitters from a "strong-buy" rating to a "buy" rating and set a $19.96 price target on the a report on Monday, November 14th. Ardevora Asset Management LLP increased its position in American Eagle Outfitters by 17.3% in the second quarter. American Eagle Outfitters, Inc. has a 52-week low of 13.32 and a 52-week high of 19.55. Zacks Investment Research raised shares of American Eagle Outfitters from a "sell" rating to a "hold" rating in a report on Tuesday, December 13th. According to their observations and findings, the stock could provide a high EPS of $0.27/share and a Low EPS of $0.21/share.

Looking ahead, American Eagle expects comprable store sales to be flat or slightly negative in the first quarter, and the company is forecasting earnings per share in the range of 15 to 17 cents per share.

Several analysts have released their opinion on American Eagle Outfitters, Inc. LS Investment Advisors LLC now owns 11,167 shares of the apparel retailer's stock worth $199,000 after buying an additional 1,012 shares during the period. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.01.

The Net Revenue for fourth quarter slipped to $ 1.10 billion from $ 1.11 billion in the same quarter previous year. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Coe Capital Management LLC now owns 401,091 shares of the apparel retailer's stock valued at $6,389,000 after buying an additional 381,091 shares in the last quarter. American Eagle Outfitters's revenue was up 2.3% on a year-over-year basis. The company's stock had a trading volume of 13,121,561 shares. Equities researchers at Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for American Eagle Outfitters in a report issued on Wednesday.

Want to see what other hedge funds are holding AEO? The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

  • Zachary Reyes