The Dow Jones Industrial Average and Nasdaq Composite are looking to close out the week with steep losses, with the S&P 500 Index firmly lower as well.
Shares of young adult apparel retailer American Eagle Outfitters (NYSE:AEO) jumped 7.1% in the afternoon session after the company announced it would buy back up to $200m of its common stock. This represents approximately 18.1 million shares, at the closing price on March 14, 2025, or roughly 9.5% of the company's fully diluted outstanding stock.
This announcement underscored management's focus on returning the value generated by the business to its shareholders.
American Eagle Outfitters Inc (NYSE:AEO) shares are trading higher Monday after the company announced a $200 million accelerated share repurchase program.
U.S. retail sales miss expectations in Feb, raising concerns about consumer strength. However, some areas show resilience & economy not near recession.
American Eagle Outfitters shares are trading lower by 13% since Monday's open. The company reported fourth-quarter financial results and received a number of analyst rating updates.
Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating on American Eagle Outfitters and lowered its price target from $18 to $12. Despite exceeding fourth-quarter EPS estimates, AEO's FY25 outlook is weaker than expected.
Young adult apparel retailer American Eagle Outfitters (NYSE:AEO) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.4% year on year to $1.6 billion. On the other hand, next quarter’s revenue guidance of $1.09 billion was less impressive, coming in 6.7% below analysts’ estimates. Its non-GAAP profit of $0.54 per share was 6.3% above analysts’ consensus estimates.
Young adult apparel retailer American Eagle Outfitters (NYSE:AEO) will be reporting earnings tomorrow after market hours. Here’s what investors should know.
