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Monday, September 20, 2021

Is American Eagle Outfitters (AEO) poised for more gains ahead?

Shares of retail clothier American Eagle Outfitters (AEO) gained 8% after the company released their 4th quarter result to the general public, exceeding the expectations of wall street analysts. (AEO) reported their 4th quarterEPSat $0.39 which rose 5.4% from last year and beating the expected number of $0.36 EPS.


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Adjusted operating income plummeted 38% since last year, implying net margin expansion among all brands. Predicted to announce profits of $0.36 per share on sales of $1.28 billion, American Eagle surprised shareholders with a report of $0.39 per share profit and a staggering $1.29 billion in sales.

Is AEO poised for further gains?

Generally, Wall Street analysts have a bullish view on the stock, with a majority Buy consensus rating based on nine Buys and two Holds. The current analyst price target of $27.91 shows a sturdy potential of about 10% to the current stock state.  Shares have had an incredible increment by approximately 96% over the past year. Profits-wise, gross margin climbed 300 basis points and gross profits were up 8% as the company’s online sales increased by almost 35% due to the pandemic.

Conclusion:

The apparel industry ranks 58 out of 146 industries and AEO stock is ranking higher than 76% of stocks. Furthermore, an increase of 12.47% over the last month alone, and a market capitalization of $4.148 billion shows a stagnant increase in the valuation of the company and has the potential for huge capital gains in the future.

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