10.29 0.00 (0.00%)
After hours: 7:54PM EDT
Commodity Channel Index
|Bid||10.19 x 1000|
|Ask||10.29 x 1800|
|Day's Range||9.76 - 10.60|
|52 Week Range||6.54 - 19.90|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||9.19|
|Earnings Date||Jun 03, 2020|
|Forward Dividend & Yield||0.14 (1.39%)|
|Ex-Dividend Date||Apr 08, 2021|
|1y Target Est||9.93|
The U.S. economy will be in focus again on Tuesday with the release of the ADP employment report and the Institute for Supply Management non-manufacturing index.
Clothing retail stocks climbed higher on Monday, as the COVID-19 infection rate in the U.S. shows a slight decline. Among today's rising stocks are American Eagle Outfitters (NYSE: AEO), Urban Outfitters (NASDAQ: URBN), and Capri Holdings (NYSE: CPRI), which closed up roughly 8%, 2%, and 12%, respectively. On March 14, Urban Outfitters made the call to close all of its retail locations.
It will be a big week for U.S. economic data with the release of the May jobs report and the Institute for Supply Management’s manufacturing index.
American Eagle's (AEO) first-quarter fiscal 2020 results are expected to reflect the impacts of the coronavirus outbreak-led store closures.
American Eagle (AEO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
No matter how dire things may have appeared in previous bear markets, bull-market rallies eventually erase all evidence of downward moves in the stock market. Also keep in mind that you don't have to be rich to generate a handsome return from the stock market. With the exception of the oil and gas industry, there's probably not a harder-hit industry lately than bank stocks.
B. Riley analyst Susan Anderson expects earnings for the specialty retailers in her coverage to be slightly better than consensus, as sales have “rebounded significantly from mid-March lows.”
Shares of several retail-chain operators were trading higher on Monday, amid a broad-based market rally driven by promising news from an early COVID-19 vaccine trial. While the data is very preliminary, and an approved, mass-produced vaccine is still many months away (at best), investors took it as good news and bid up shares of many companies that have been hit hard over the last couple of months. American Eagle Outfitters said in early May that it had reopened 43 of its brick-and-mortar stores and that it planned to have about 600 locations open by the end of May. The company raised a bit over $400 million via a bond offering in late April to bolster its balance sheet until all of its stores reopen.
American Eagle Outfitters (NYSE: AEO) will report its first quarter 2020 results by press release before the market open on Wednesday, June 3, 2020.
Lifestyle-apparel company American Eagle Outfitters (NYSE: AEO) reopened slightly less than four dozen of its various brand stores this week, less than half a percent of its approximately 1,000 retail outlets. The openings still represent the first opportunity for customers to shop directly in American Eagle's aisles since the company shuttered its stores on March 18. Customers venturing back into American Eagle brick-and-mortar locations will find a battery of health and safety measures in place to help reassure them of a reduced coronavirus risk.
Shares of American Eagle Outfitters Inc (NYSE: AEO) are trading at attractive valuation levels, the company has enough liquidity to operate even if all its stores remain closed for the next 12 months, according to Raymond James.The American Eagle Analyst Matthew McClintock upgraded American Eagle Outfitters from Market Perform to Outperform, setting a price target of $10.The American Eagle Thesis American Eagle Outfitters issuing convertible debt at this time "is a huge signal of strength," McClintock said in the Wednesday upgrade note. (See his track record here.)The solid liquidity status positions the company well for gaining substantial market share as the COVID-19 crisis ends, as it can use its cash rich position in an industry that is mostly cash poor, the analyst said. The analyst said he expects American Eagle Outfitters to emerge as a market share consolidator after the pandemic is over. While the company is among the top three in terms of market share in both U.S. denim and specialty intimates, its growth rates in each of these businesses are more attractive than other leaders, McClintock said. American Eagle Outfitters has recently taken initiatives to drive digital traffic and conversion at a time when "digital leadership could separate COVID-19 winners from losers," the analyst said. AEO Price Action Shares of American Eagle Outfitters were up 2.69% at $7.44 at the time of publication Wednesday. Latest Ratings for AEO DateFirmActionFromTo May 2020Raymond JamesUpgradesMarket PerformOutperform Apr 2020UBSMaintainsBuy Apr 2020Morgan StanleyMaintainsUnderweight View More Analyst Ratings for AEO View the Latest Analyst Ratings See more from Benzinga * PG&E Analyst Sees Buying Opportunity In Bankrupt California Utility's Shares * Harley-Davidson's 'Rewire' Plan Turns Argus Bullish * L Brands Has Value Without Victoria's Secret Deal, BMO Says In Upgrade(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
J.Crew has filed for chapter 11 bankruptcy amid the coronavirus outbreak. Yahoo Finance’s Emily McCormick joins Seana Smith to discuss what this means for the retail sector.
American Eagle Outfitters' (NYSE: AEO) stock plunged nearly 70% over the past 12 months as the apparel retailer grappled with slowing sales growth, contracting margins, and the COVID-19 pandemic. It also closed its stores, deferred its dividend payment, and recently priced a new offering of convertible notes to cope with the crisis.
Jefferies Analyst Simon Powell joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss Jefferies’ Armchair Economics Survey and break down how consumers are coping with the coronavirus crisis.
American Eagle Outfitters, Inc. (NYSE: AEO) today announced the pricing on April 22, 2020 of its offering of $400,000,000 aggregate principal amount of 3.75% convertible senior notes due 2025 (the "notes") in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). AEO also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional $60 million aggregate principal amount of notes in the private placement. The issuance and sale of the notes is scheduled to settle on or about April 27, 2020, subject to customary closing conditions.
Apparel retailer American Eagle Outfitters pulled its 2020 outlook because of covid-19's effects on its results and "uncertainty related to its duration."
American Eagle Outfitters Inc. will begin allowing its customers to pick up their e-commerce orders from the fashion retailer curbside outside its stores by the end of the month.
The breakdown and bounce in retail stocks has many wondering if a bottom is in place. These charts suggest that prices are nearing resistance.
The owner of the Aerie clothing brand said it saw signs of falling customer traffic and waning demand early in March before announcing nationwide store closures later that month. American Eagle said it was uncertain how soon store traffic would reach pre-pandemic levels once stores reopen, and that could mean further hit to its full-year sales. To counter some of the headwinds, American Eagle said it would start a curb-side pick-up service, like most non-essential retailers have, next week.
American Eagle Outfitters Inc. said in a filing that it has the liquidity to sustain the company beyond fiscal 2020 even with stores closed due to COVID-19 since March 17. American Eagle has drawn down $330 million of its $400 million revolving credit facility, and has about $490 million in cash and cash equivalents on hand. Capital expenditures have been cut by $100 million, there have been cuts to inventory and the share repurchase plan is suspended. First quarter dividend payments have been deferred. And the apparel retailer has furloughed store, field and corporate workers since April 5. Digital business, which totaled 29% of revenue in 2019, has accelerated, and the company will launch curbside pickup on April 27. However, American Eagle generates most of its revenue from stores and it has withdrawn its 2020 outlook due to uncertainty from the epidemic. American Eagle stock dropped 5.3% in Wednesday premarket trading, and has plummeted 62.5% over the last year. The S&P 500 index is down nearly 6% for the last 12 months