American Eagle Outfitters, Inc.NYSE
Tue, Oct. 25, 8:17 AM
- Mall retailers have another potential headwind to battle this holiday season due to the threat of clearance sales from bankrupt Aeropostale, warns Oppenheimer.
- Analyst Anna Andreeav notes that American Eagle Outfitters (NYSE:AEO) and Abercrombie & Fitch (NYSE:ANF) in particular are at risk from a massive sale of Aeropostale merchandise at cut-throat prices.
- Some Aeropostale stores are staying through the holidays just to dump products.
Fri, Oct. 14, 2:54 PM
- Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
- Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
- Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
- Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
- Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
- Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
Mon, Oct. 10, 9:15 AM
Thu, Sep. 29, 8:55 AM
- American Eagle Outfitters (NYSE:AEO) names Bob Madore to be its new chief financial officer, effective October 28.
- Madore has extensive experience as a retail sector executive, most recently as the CFO at Ralph Lauren. He left Ralph Lauren after a management shakeup in the summer.
- Shares of AEO have drifted back below $18 after reaching as high as $19.55 in August.
- Source: Press Release
Fri, Sep. 16, 8:33 AM
- The partnership of Authentic Brands Group, General Growth Properties (NYSE:GGP), and Simon Property Group (NYSE:SPG) finalized their acquisition of Aeropostale (NYSE:AEO) in a deal that will keep the brand alive.
- The Aeropostale chain will still have a major presence at malls with over 400 stores in the U.S. and Canada and another 300 global outlets.
- "Aeropostale has significant brand equity and the go-forward portfolio of stores generates more than $1 billion in global retail sales, over $800 million of which is from the U.S.," notes GGP CEO Sandeep Mathrani.
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Tue, Aug. 30, 4:20 PM
Sat, Aug. 27, 11:34 AM
- Many retailers are tightening up this year by reducing their store count or converting more locations to e-commerce fulfillment centers. Analysts note that although the strategy will lower revenue, over time the group should see improved bottom lines as underperforming stores are cut back and online efficiency improves. Amid the skittish trading with chain store stocks there could be some value deals.
- Store chains that currently trade with a PE ratio below 15 and offer a dividend yield of at least 2% include: TLRD, BKE, SMRT, GPS, AEO, CHS, CATO, TGT, KSS, M, HVT, WSM, PIR, BKS, OUTR, ODP, SPLS.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF.
Wed, Aug. 17, 8:19 AM
- American Eagle Outfitters (NYSE:AEO) reports comparable sales increased 3% in Q2.
- The company's gross profit rate rose 160 bps to 37.3% as lower costs and higher selling prices helped to drive up merchandise margins.
- SG&A expenses as a percentage of sales were up 20 bps to 24.3%.
- Operating income rate +160 bps to 8.3%.
- Inventory +3% to $422M.
- Previously: American Eagle Outfitters beats by $0.02, beats on revenue (Aug. 17)
- AEO -3.74% premarket to $18.25.
Wed, Aug. 17, 8:05 AM
Tue, Aug. 16, 5:36 PM
Tue, Aug. 16, 5:30 PM
Tue, Aug. 16, 10:26 AM
- The RetailMeNot Promotions Index will measure the average retail promotions level from the top 500 U.S. retailers across 19 different categories.
- The broad promotion index currently reads 32.58% which RetailMeNot calls a "moderate" level.
- Tracking of the RetailMeNot data could be of particular interest in the apparel store sector (GPS, LB, AEO, ANF, CHS, PLCE, DSW, DXLG, FRAN, BKE, SSI, DEST, NWY, CTRN, GES, TLRD, SMRT.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC).
- Source: Press Release
Mon, Aug. 15, 9:10 AM
- American Eagles Outfitters (NYSE:AEO) is on the move after Deutsche Bank boosts its rating to Buy from Hold.
- Despite the recent AEO rally, Deutsche Bank thinks there is still enough runway to warrant a bullish stance after a "solid" start to the Back to School season for the retailer.
- DB lifts its price target to $22 from $17.
- AEO +3.54% premarket to $19.60.
Thu, Aug. 11, 9:59 AM
- The retail sector is racking up sizable gains after Macy's set the table with a major store closing announcement (15% of full-line stores).
- Earnings beats at Macy's and Kohl's, along with a surprise upgrade on American Eagle Outfitters (AEO +4.6%) are also helping to boost sentiment.
- Notable gainers include Guess (GES +4.3%), Dillard's (DDS +5.8%), Ascena Retail Group (ASNA +4.6%), Stage Stores (SSI +7.7%), Sears Holdings (SHLD +4.6%), Gap (GPS +3.5%), Abercombie & Fitch (ANF +3.2%), Barnes & Noble (BKS +3.2%), Urban Outfitters (URBN +1.3%), Francesca's (FRAN +2.5%), DSW (DSW +3.5%), Pier 1 Imports (PIR +4%), and Finish Line (FINL +2.4%).
- The S&P 500 Retail ETF (NYSEARCA:XRT) is up 2.1% on the day off the chain store buzz.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF
Thu, Aug. 11, 7:52 AM
- Wunderlich upgrades American Eagle Outfitters (NYSE:AEO) to a Buy rating from Hold.
- The investment firm thinks the retailer's momentum will sustain to ultimately reward shareholders.
- Wunderlich takes its price target on American Eagle all the way up to $22 from $13. Shares of AEO haven't cracked the $20 level since 2013.