American Eagle Outfitters (AEO) Tops Q4 Earnings Estimates, Misses on Revenue

AEO earnings

Survivors emerge from teen retail tantrum

Below is a list of American Eagle Outfitters (NYSE:AEO) latest ratings and price target changes. Wolfe Research upped their target price on American Eagle Outfitters from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Monday, January 11th.

The experts set range varies from as high as $24 to as low as $15 on the stock.

The company's net revenue rose to $1.11 billion from $1.07 billion. As per the Zacks rating scale, the ABR rating of "1"-'2" is positive for the stock and sell recommendation comes from "4-5' rating. 8 have rated it as a strong buy. The analysts also projected the company's long-term growth at 9 percent for the upcoming five years.

Several analysts have stated their opinion on the company shares. Mizuho reiterated a hold rating on shares of American Eagle Outfitters in a research report on Saturday, January 9th. The rating by the firm was issued on January 25, 2016.

American Eagle Outfitters (NYSE:AEO) traded with a cut of -0.02 points or -0.13% at $15.37 per share. The company has a 52-week high of $18.49. The stock is down 5.28% or $0.81 after the news, hitting $14.62 per share.

American Eagle Outfitters didn't exactly soar in the fourth quarter, but its low single-digit same-store sales increase was better than most and benefitted from recent store closures. LSV Asset Management now owns 4,361,479 shares of the apparel retailer's stock worth $67,602,000 after buying an additional 4,031,379 shares during the period.

Net revenue rose 7 percent to $3.52 billion vs. $3.28 billion the previous year.

American Eagle's results, which closely follow rival Abercrombie & Fitch Co's surprise rise in same-store sales, indicate that teen apparel retailers may be winning back young shoppers who were flocking to fast-fashion companies such as Inditex's Zara and H&M.; The company sources, designs, and markets a versatile line of timeless and relaxed clothing classics like jeans, khakis, and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands.

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