|Bid||26.47 x 900|
|Ask||26.98 x 1000|
|Day's Range||25.93 - 26.83|
|52 Week Range||6.54 - 26.83|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.55 (2.18%)|
|Ex-Dividend Date||Apr 08, 2021|
|1y Target Est||N/A|
The retailer is launching its spring 2021 campaign today, along with a new augmented reality shopping guide on Snapchat.
American Eagle Outfitters (NYSE: AEO) continues to soar to new heights on the strength of its Aerie lingerie and loungewear brand. The fast-growing apparel business is expected to see double-digit sales growth again when the retailer reports fourth-quarter earnings next week, and Cowen analyst Oliver Chen upgraded his outlook on the retailer to outperform from market perform because he sees Aerie hitting $2 billion in sales within three years. Wall Street was already bullish on Aerie's growth, with one analyst estimating the lingerie outfit could be a $3 billion business in five years.
American Eagle Outfitters Inc. was upgraded to outperform from market perform at Cowen, sending shares up 2.4% in Wednesday premarket trading. Cowen raised its price target to $31 from $25. Analysts expect stock upside as the Aerie underwear and loungewear brand doubles, heading to $2 billion in revenue in the next three years. Cowen says Aerie is poised for growth thanks to e-commerce momentum and new store openings. Meanwhile, the American Eagle brand is closing stores, with analysts modeling 190 store closures by fiscal 2023. Mall traffic declines and "assortment missteps" could weigh on the business. But there are reasons to be optimistic. "Our view is that American Eagle is winning in the teen apparel space," Cowen said. "We believe American Eagle's commitment to offering a strong value proposition: compelling fashion [and] high-quality apparel-plus-lifestyle brand are key positives." American Eagle shares have soared more than 81% over the past year while the benchmark S&P 500index has gained 20.3% for the period.