|Bid||10.87 x 1300|
|Ask||10.88 x 900|
|Day's Range||10.34 - 10.91|
|52 Week Range||6.54 - 18.01|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 02, 2020 - Sep 07, 2020|
|Forward Dividend & Yield||0.14 (1.26%)|
|Ex-Dividend Date||Apr 08, 2021|
|1y Target Est||12.72|
Citigroup analyst Paul Lejuez upgraded American Eagle Outfitters' (AEO) rating to Buy from Hold, as he believes that “the success and opportunity at Aerie is too significant to overlook.” Lejuez also lifted the stock's price target to $14 (34.7% upside potential) from $12.Lejuez is bullish on the company's popular Aerie brand apparel, which includes intimates and athleisure. The analyst believes that it will continue “to be a share winner in the intimates/loungewear category". He added that “Aerie is showing signs of becoming more of a lifestyle brand with its entry into athletic/athleisure.”Lejuez expects Aerie's market share to accelerate with the closing of around 250 of L Brands’ (LB) Victoria’s Secret stores. On July 30, the analyst cut L Brands' stock to Sell from Hold.On June 3, American Eagle posted larger-than-expected 2Q loss due to a steep decline in sales and store traffic amid the coronavirus pandemic. American Eagle saw a decline in demand for its jeans and Aerie brand, which revenue dropping 2% in the second quarter.Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 7 Buys and 5 Holds. The $13.71 average price target implies 32% upside potential in the shares. (See AEO stock analysis on TipRanks).Related News: FireEye Pops 18% As JPMorgan Lifts PT McDonald’s PT Gets A Lift From JPMorgan JPMorgan Turns Bullish On L Brands More recent articles from Smarter Analyst: * Exxon Is Said To Prepare Spending, Job Cuts To Save Dividend; Shares Drop * BMO Capital Lifts Amazon's PT Ahead OF 2Q Earnings * Procter & Gamble Tops 4Q Street Estimates * JPMorgan Turns Bullish On L Brands
Upgrades * For Waddell & Reed Financial Inc (NYSE: WDR), Citigroup upgraded the previous rating of Sell to the current rating Neutral. For the second quarter, Waddell & Reed Financial had an EPS of $0.38, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $18.33 and a 52-week-low of $9.87. Waddell & Reed Financial closed at $14.84 at the end of the last trading period. * Citigroup upgraded the previous rating for American Eagle Outfitters Inc (NYSE: AEO) from Neutral to Buy. In the first quarter, American Eagle Outfitters showed an EPS of ($0.84), compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $18.07 and a 52-week-low of $6.54. At the end of the last trading period, American Eagle Outfitters closed at $10.65. * For Cognizant Technology Solutions Corp (NASDAQ: CTSH), Needham upgraded the previous rating of Underperform to the current rating Hold. Cognizant Tech Solns earned $0.82 in the second quarter, compared to $0.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.48 and a 52-week-low of $40.01. Cognizant Tech Solns closed at $64.79 at the end of the last trading period. * According to Raymond James, the prior rating for Equinix Inc (NASDAQ: EQIX) was changed from Market Perform to Outperform. Equinix earned $6.35 in the second quarter, compared to $5.87 in the year-ago quarter. The current stock performance of Equinix shows a 52-week-high of $770.88 and a 52-week-low of $477.87. Moreover, at the end of the last trading period, the closing price was at $770.00. Downgrades * For L Brands Inc (NYSE: LB), Citigroup downgraded the previous rating of Neutral to the current rating Sell. For the first quarter, L Brands had an EPS of ($0.99), compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $26.66 and a 52-week-low of $8.00. L Brands closed at $25.88 at the end of the last trading period. Initiations * Morgan Stanley initiated coverage on Madison Square Garden Entertainment Corp (NYSE: MSGE) with a Equal-Weight rating. The price target for Madison Square Garden is set to $80.00. The stock has a 52-week-high of $87.20 and a 52-week-low of $62.50. At the end of the last trading period, Madison Square Garden closed at $73.08.See more from Benzinga * Morning Market Stats in 5 Minutes * How Does ConocoPhillips's Debt Look Like? * Comcast's Debt Overview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
American Eagle Outfitters (NYSE: AEO) announced on Monday it's offering a new brand of "athleisure" activewear named Offline by Aerie, aimed at people who want clothing usable both for their workouts and for relaxation. The move comes after American Eagle, last month, also launched a line of comfortable, casual clothing ranging from cashmere sweaters to swimsuits under the brand name Unsubscribed, a concept the company says highlights "the beauty of modern simplicity and taking things easy." According to a statement by Aerie brand President Jennifer Foyle, Offline's "unique take on active lifestyle products celebrates REAL life when some days you feel like you can take on the world and other days you need that extra push to get off the couch."