American Eagle Outfitters, Inc.

Company Details:

Company Symbol: AEO
Sector: Apparel, Accessories and Luxury Goods
Company Rating:
URL: http://www.ae.com

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  • 04/18/17 Update Industry Update - Retail Apparel - Underwhelmed by Key Elements of Peak Spring; Downgrading: AEO (Buy to Neutral; PT from $18 to $15), TLYS (Buy to Neutral; PT $13.50 to $10); SHOO, SKX Previews
  • 04/18/17 Morning Note B. Riley AM Note: INPX, LRCX, NLST; Boardsports (DECK, NKE, VFC), Retail Apparel (AEO - downgrade, SHOO, SKX, TLYS - downgrade)
  • 03/02/17 Morning Note B. Riley AM Note: AEO, AVGO, CROX, ELNK (discontinuation), NVDA, TREC, WMAR; Focus List Update (BV, CARB, DKS, IMAX, KTOS, LITE, MPAA, MRVL, OOMA, PBH, PFSW, TRUE)
  • 03/02/17 Update AEO ($14.34, Buy; $18.00 PT): Q4 In Line; Q1 Guide-Below/Slow Start; Taking Share in Women’s and Aerie; Men’s Remains the Soft Spot; New Men’s GMM in House; Lowering PT From $22 to $18; Maintaining Buy.
  • 02/28/17 Desk Report B. Riley AM Note: AEO, AMC, CTSO, HEAR, ISIL (discontinuation), KTOS, MEI, MRVL, NTRI, PODD, SRI, STMP, SUP, TRUE; Optical Components (CIEN, FNSR, INFN, LITE, NPTN, OCLR), The Weiser Consumer (AVP, FLWS, JAKK, MAT, NWL, PBH)
  • 01/17/17 Update Industry Update: 19th Annual ICR Xchange 2017: Notes & Highlights (AEO, AVP, BOOT, FTD, GCO, GES, OXM, PBH, RCKY, SHOO, SSI, TLYS)
  • 01/06/17 Morning Note B. Riley AM Note: AEO, COHU, CTS, FC, IDCC, NVDA, SMTC, SQNS, TIVO, TREC; MedTech (ADMP, CFMS, CVRS, DXCM, EKSO, MZOR, NVRO, NVTR, PODD, SENS, TNDM, TRXC, VIVE, VLRX)
  • 12/01/16 Morning Note B. Riley AM Note: AEO, BV, GES, IVAC, MCHP, MRVL, SANM, SMTC, TLYS, TYPE; December Focus List (BV, DKS, FLEX, GSM, KTOS, LITE, MPAA, MRVL, PBH, PFSW, TIVO, TNAV, TRUE)
  • 12/01/16 Update AEO ($16.56, Buy; $22.00 PT): Q3 Soft Core Comp/EPS In Line; Q4 Guide-Below; Taking Market Share; GM% up Despite Backdrop; Aerie Crushing it; Improved Risk/Reward Around This level; Reiterate Buy.
  • 11/28/16 Morning Note B. Riley AM Note: BV, GCO, KEM, ROG, TIVO, TUP (downgrade), XCRA; Retail Apparel (AEO, GES, TLYS, ZUMZ)
  • 11/28/16 Update Industry Update: Earnings Previews for Week of 11/28: AEO, GES, TLYS, ZUMZ; Headwinds Persisted; “Black November” Promotional Intensity; Newness/Fashion Shift Holds LT Potential
  • 08/18/16 Update AEO ($18.33, Buy; $22.00 PT): Q2 Top and Bottom Beat; Q3 in Line/Upward Guide; Taking Market Share with Strong Comps Despite Backdrop; GM% up; Aerie Crushing it; Raising Estimates and PT from $20 to $22.
  • 08/11/16 Morning Note B. Riley AM Note: AMAT, AOSL (upgrade), ASML, IEC, KLAC, LOV, LRCX, RELY, RTEC, STMP; Retail Apparel (AEO, GES, JCP, KIRK, TLYS, TUES); Focus List (ABTL, BV, DKS, ISIL, KTOS, LITE, MEI, PBH, ROVI, TACT, TNAV, VVI)
  • 08/11/16 Update Industry Update: Retail Apparel - B-T-S 2016 Fashion Evolution; Crosscurrents in the Home Niche; Earnings Previews for AEO, GES, JCP, TUES, KIRK and TLYS
  • 05/19/16 Update AEO ($13.39, Buy; $20.00 PT): Outstanding Q1; Stunning Comps in the Face of Brutal Environment; Slightly More Promotional, but GM up on Sourcing; B&M Positive-Both Brands; Aerie Crushing it; Taking Market Share; Q2 in Line/Upward Guide; 2H Product Innovation/Marketing ; Reiterate Buy Rating and $20 PT
  • 05/19/16 Morning Note B. Riley AM Note: ADI, AEO, BOOT, GSM, MRVL, ROVI
  • 05/18/16 Morning Note B. Riley AM Note: AEO, EGHT, GSM, LRCX, MAMS, SMTC; Marine (BC, HZO, MBUU, MCFT, MPX), The Weiser Consumer (COTY, IPAR, NWL, PBH, PG, PRGO, RDEN)
  • 05/17/16 Update AEO ($14.23, Buy; $20.00 PT): Earnings Preview: Cautious Near Term; Expect Light Q1 comps/margin, given the broader traffic environment; however, believe AEO outperformed in the niche, led by Aerie; ex-Markfield 2H to watch; stock remains inexpensive though and ARO/PSUN store closures are a LT positive
  • 03/10/16 Morning Note B. Riley AM Note: AEO, DCO, FLWS, IPAR, KIRK, RDNT, RELY, ROG, TST, UEIC, ZUMZ; Optical Components (FN, FNSR, GIG, LITE, NPTN, OCLR)
  • 03/03/16 Morning Note B. Riley AM Note: AEO, CVU, DTSI, IDSY, IL, NTRI, PCOM, PCTI, SMTC, SRI, UFAB
  • 03/03/16 Update AEO ($15.44, Buy; $20.00 PT): Q4 comps in line; GM only flat; eked out EPS on tax rate; reduced markdowns overall, but brutal clearance environment in Jan. did not allow planned level of pull-back on discounting; Aerie crushing it; strong start to Q1; 1H is still Markfield-influenced; maintain $20 PT and Buy rating
  • 03/02/16 Morning Note B. Riley AM Note: ABTL, AEO, BV, DMD, KTOS, KW, LOV, MRVL, NPTN, PRGX, RCKY, REIS, SSI, TIVO, TRUE, VVI; The Weiser Consumer (EL, JAKK, KMB, NTRI, PBH, PG, TUP)
  • 03/01/16 Update AEO ($15.15, Buy; $20.00 PT): Earnings Preview: Holiday comps pre-announced roughly in line; both brands positive, with particular strength in e-com; Markfield shifts to consulting role, which tempers our enthusiasm; however, stock remains inexpensive and AEO is the best of the 3 “A’s”; maintain $20 PT/Buy
  • 02/08/16 Morning Note B. Riley AM Note: AEO, AMRK, CSOD, EL, FARM, LGF, LIOX, MRVL, ON, RDEN, SBH, SPA; Internet (AKAM, APPS, BCOV, GRPN, LLNW, P, WEB, YELP), Semi. Cap. Equipment (CAMT, COHU, MTSN)
  • 01/14/16 Morning Note B. Riley AM Note: FC, MCHP, MFLX, YELP; The Weiser Consumer (AVP, COTY, EL, IPAR, PG, PRGO, RDEN, WDFC), Retail Apparel (AEO, GES, JCP, SHOO, SSI, TLYS)
  • 01/14/16 Update Industry Update: 18th Annual ICR Xchange 2016: Notes & Highlights (AEO, GES, JCP, SHOO, SSI, TLYS)
  • 01/11/16 Morning Note B. Riley AM Note: AEO, HZO, MFLX, VSAT; Media & Entertainment (DLB, DTSI, RNWK, ROVI, TIVO), Retail Apparel (COLM, UA, VFC, WWW), Semiconductors & Semi. Cap. Equipment (ADI, BRCM, INTC, ISIL, LLTC, MXIM, MCHP, NVDA, ON, SNDK, SMTC, SLAB, SWKS, TXN)
  • 12/03/15 Morning Note B. Riley AM Note: AEO, BV, DECK, FINL, IMAX, MTSN, PSUN, SWKS, TLYS, TRUE
  • 12/03/15 Update AEO ($15.81, Buy; $20.00 PT): Strong Q3 comps/reduced markdowns/margin improvement, driven by better merch. content; positive trend continues into Q4; expect further margin recovery; maintain $20 PT and Buy rating
  • 11/04/15 Morning Note B. Riley AM Note: AEO, CALD, CROX, CSOD, DSW, DTSI, ELNK, FARM, FLWS, GRPN, GSM, LLNW, LOV, NPTN, OCLR, PCTI, RNWK, SRI, STMP, TACT, TREC, UEIC, UNTD, VPG, XOXO
  • 11/03/15 Update AEO ($16.60, Buy; $20.00 PT): Better-than-expected Q3 comp/margin; taking market share; momentum going into Holiday; acquisition of Tailgate targets captive college niche; one of few companies in the space with a positive trend in some key metrics; PT from $18 to $20; upgrading from Neutral to Buy
  • 09/15/15 Morning Note B. Riley AM Note: ABTL, AEO, RUBI, TRUE
  • 09/14/15 Update AEO ($16.01, Neutral; $18.00 PT): Our checks in the space and at AEO on the store level prompt us to trim comp/margin assumptions and reduce our PT from $21 to $18; downgrading from Buy to Neutral
  • 08/20/15 Update AEO ($16.90, Buy; $21.00 PT): Strong Q2 comps/reduced markdowns/margin improvement, driven by better merch. content; high-end of Q3 guide is above consensus; expect further margin recovery in 2H 15; maintain $21 PT and Buy rating
  • 08/20/15 Morning Note AM Note: AEO, FL, KTOS, RLD, SMTC, SPLS; Magic and Platform Trade Show (SKX, SHOO, VNCE)
  • 08/17/15 Morning Note B. Riley AM Notes: ACLS, ADI, AEO, JCP, LLNW, LRCX, MU, RNWK, SNDK
  • 08/17/15 Update AEO ($17.98, Buy; $21.00 PT): Q2 Earnings Preview: Not immune to the calendar shift, but generally well-positioned for b-t-s with solid merchandise content; up against easy comparisons; reiterate Buy
  • 05/21/15 Update AEO ($16.61, Buy; $21.00 PT): Strong comps/reduced markdowns/margin improvement, driven by continued merch. improvement; expect further margin recovery; estimates and PT raised from $20.00 to $21.00; reiterate Buy rating
  • 05/21/15 Morning Note Morning Notes: ABTL, AEO, CROX, EGHT, MRVL, SPLS, TIVO, TRUE; B. Riley Conference Recap
  • 05/19/15 Morning Note B. Riley & Co. Morning Notes: AEO, ADI, BBY, CKEC, FLWS, FTD, LRCX, SPLS, VSAT, Consumer Products Weekly
  • 05/19/15 Update AEO ($16.00, Buy; $20.00 PT): Q1 Earnings Preview: leading position among 3 “A’s”, underpinned by a relatively strong merchandise assortment; up against easy comparisons
  • 03/05/15 Morning Note B. Riley & Co. Morning Notes: AEO, CVU, PCOM, PRMW, SMTC, SPLS, TST, VSAT, ZUMZ; Semiconductors & Semi. Cap. Equipment (AOSL, ADI, AMAT, ASML, BRCM, BRKS, EXAR, ISSI, INTC, ISIL, KLAC, LRCX, LLTC, MRVL, MTSN, MXIM, MCHP, NVDA, ONNN, SNDK)
  • 03/05/15 Update AEO ($15.96, Buy; $20.00 PT): Q4 beat; Q1 guide-above; comps have turned positive, margins recovering with a long runway ahead; PT raised from $15.00 to $20.00; upgrade to Buy
  • 03/03/15 Morning Note B. Riley & Co. Morning Notes: AEO, ATNY, CKEC, DTSI, IDSY, NTRI, PCTI, REIS, SLAB, TST
  • 01/15/15 Update Industry Update: 17th Annual ICR Xchange 2015: Notes & Highlights
  • 01/15/15 Morning Note B. Riley & Co. Morning Notes: ARTX, NCMI, RNWK; ICR Wrap-Up (AEO, BEBE, GES, PSUN, SSI, SHOO, TLYS), Internet (GOOGL, NAME, WWWW)
  • 01/09/15 Morning Note B. Riley & Co. Morning Notes: AEO, AKAM, DTSI, FC, GRPN, PSUN, RNWK, RSH, SIMO, SONS, SSI; Optical Components (AFOP, EMKR, FN, FNSR, IIVI, JDSU, NPTN, OCLR), Semiconductors (BRCM, MRVL, NVDA, ONNN, SLAB, SNDK, SWKS)
  • 12/05/14 Morning Note B. Riley & Co. Morning Notes: AEO, AMC, BRCM, FNSR, LIOX, RLD, ZUMZ
  • 12/05/14 Update AEO ($13.81, Neutral; $15.00 PT): Q3 in line with pre-announcement; Q4 guided below consensus; merch. content needs more work, in our view; seems that the comp turnaround will take longer; PT lowered from $15.50 to $15.00; maintain Neutral
  • 11/13/14 Morning Note B. Riley & Co. Morning Notes: AEO, BRKS, COHU, DWA, FTD, ISIL, ITI, PBH, PFSW, RLD
  • 11/10/14 Update AEO ($12.98, Neutral; $15.50 PT): In the wake of what we believe was a soft Sept/Oct, 2H consensus may not be a layup; Holiday I assortment appears just “OK”; moving to Neutral
  • 11/10/14 Morning Note B. Riley & Co. Morning Notes: AEO, AMAT, ARTX, BRKS, CIDM, COTY, DMD, FARM, IDSY, IMAX, IPAR, LGF, PCMI, VSAT
  • 08/21/14 Morning Note B. Riley & Co. Morning Notes: AEO, CTP, PLNR, SMTC, SPLS, TREC; Internet (AKAM, P, TRLA, YELP)
  • 08/21/14 Update AEO ($12.98, Buy; $15.50 PT): Brand, balance sheet, cash flow, omni-channel and expense reductions; still negative comp, but margins have potential to stabilize, PT raised from $13.00 to $15.50 on raised estimates
  • 08/18/14 Morning Note B. Riley & Co. Morning Notes: CKEC, EL, MRVL, PG, SMTC; Media & Entertainment (AMC, CKEC, CNK, NCMI, RGC), Retail Apparel & Footwear (AEO, BEBE, DSW, GES, PSUN, SSI, TLYS, WTSL, ZUMZ)
  • 08/18/14 Update Industry Update: Retail Apparel & Footwear - Earnings Previews on AEO, BEBE, DSW, GES, PSUN, SSI, TLYS, WTSL and ZUMZ
  • 05/27/14 Morning Note B. Riley & Co. Morning Notes: AEO, AMC, BRKS, CNK, MOVE, WDAY; B. Riley Conference Recap, Media
  • 05/27/14 Update AEO ($10.87, Buy; $16.00 PT) Brand, balance sheet, omni-channel, expense reductions and cash flow; PT lowered from $19 to $16 on reduced estimates; maintaining Buy
  • 05/16/14 Update Industry Update: Retail Apparel - Soft goods space and general outlook; Earnings Preview summary on AEO, DSW, GES, PSUN, TLYS, WTSL, ZQK and ZUMZ
  • 03/12/14 Update AEO ($13.10, Buy; $19.00 PT): Q4 in line; Q1 guidance below expectations; decreasing near-term estimates; focus remains on 2H; PT lowered from $20 to $19; reiterate Buy
  • 03/12/14 Morning Note B. Riley & Co. Morning Notes: AEO, EVOL, KTOS, P
  • 03/06/14 Update Industry Update - Retail Apparel & Footwear: Update on what we are seeing in the soft goods space and our general outlook; Earnings Preview summary on AEO, DSW, FINL, PSUN, TLYS, ZQK and ZUMZ
  • 01/23/14 Update AEO ($13.77, Buy; $20.00 PT): Schottenstein takes the helm; Markfield re-engaged; Q4 guidance re-affirmed; margin recovery potential intact; Reiterate Buy and $20 PT
  • 01/23/14 Morning Note B. Riley & Co. Morning Notes: AEO, ASML, CAMP, EGHT, PRGO, SNDK, VSAT; Consumer Products (CL, COTY, EL, PG, RDEN, UN)
  • 01/13/14 Update Industry Update - Highlighting the “Underdogs” in Our Coverage Universe
  • 01/10/14 Morning Note B. Riley & Co. Morning Notes: AEO, CACH, CLRO, GME, GUID, Optical Components (API, AFOP, EMKR, FN, FNSR, GIG, IIVI, JDSU, NPTN, OCLR, OPLK), PSUN, RLD, ROVI, TUP, VOXX
  • 12/09/13 Update AEO ($14.85, Buy; $20.00 PT): Contrarian/value call on the best run/omni-channel leader of the 3 A’s; raising PT and upgrading to Buy
  • 12/09/13 Morning Note B. Riley & Co. Morning Notes: AEO, Consumer Products (AVP, COTY, EL, IPAR, PBH, RDEN, SBH, TUP), Healthcare IT (ATHN, CERN, CPSI, MDAS, MDRX, MRGE, QSII), Media (BTN, CKEC, CIDM, CNK, DCIN, IMAX, MCS, NCMI, RLD, RGC)
  • 12/04/13 Update Industry Update - Retail Apparel and Footwear: “INTO THE PRINT” Earnings Preview Summary on AEO, GES, PSUN, WTSL, ZQK and ZUMZ
  • 12/04/13 Morning Note B. Riley & Co. Morning Notes: AMSWA, CONN, KTOS, MEI, OUTR, Retail Apparel (AEO, GES, PSUN, WTSL, ZQK, ZUMZ)
  • 12/02/13 Update B. Riley & Co. Industry Update - Retail: Black Friday Weekend Battlezone – Notes from the Front Lines (AEO, BEBE, DSW, FINL, GES, PSUN, SHOO, SKX, TLYS, WTSL, ZUMZ)
  • 11/07/13 Morning Note B. Riley & Co. Morning Notes: AEO, CBS, DIS, HSKA, KTOS, KW, LAMR, PCOM, OUTR, TWX, ZUMZ
  • 09/16/13 Update Industry Update: Retail Apparel Back-to-School Survey - tough environment, but underlying relative strength in some key categories and brands
  • 08/22/13 Morning Note B. Riley & Co. Morning Notes: ADSK, AEO, GSM, MSG, SMTC, SPLS
  • 08/22/13 Update AEO ($14.79, Neutral; $15.00 PT): Substantial Q3 guidance shortfall; traffic/promo headwinds and juniors merchandising issues persist; lowering PT and maintaining Neutral.
  • 08/06/13 Update AEO ($19.97, Neutral; $17.50 PT): Q2 pre-announce; traffic/promo issues, weak juniors; increasingly concerned about Markfield’s pending exit; downgrading to Neutral
  • 08/06/13 Morning Note B. Riley & Co. Morning Notes: AEO, ANGI, CFN, CKEC, Consumer Products (AVP, CLX, JNJ, PBH, PG, SBH), DCIN, DCO, DSW, EMKR, JMBA, LAMR, MDRX, MRGE, NLS, NUAN, PII, SNDK, UEIC, VSAT, XOXO
  • 05/24/13 Update AEO ($20.10, Buy; $26.00 PT): Positioning for profitable growth to accelerate in ’14; maintain “Buy”
  • 05/24/13 Morning Note B. Riley & Co. Morning Notes: AEO, AFOP, EGHT, GME, MRVL, QSII, Semiconductors (CY, MXL, RDA, SNDK, SWKS, SLAB, SPRD, VLTR), SPLS, ZUMZ
  • 05/07/13 Morning Note B. Riley & Co. Morning Notes: AEO, CKEC, Consumer Products (AVP, CLX, EL, NWL, RDEN, SBH, WMT), DCO, DMD, EVOL, FSLR, INTC, KSWS, MDRX, NLS, NUAN, OCLR, QSII, SYMC, TROX, VCLK
  • 05/07/13 Update AEO ($19.17, Buy; $26.00 PT): Earnings Preview; Weather-Related Seasonal Basics Malaise in Q1; Overhang Going into Q2; Lowering Estimates; PT Shifting to ’14 Estimates; Sales Release/Pre-Announcement Could Provide a Downdraft Opportunity
  • 03/07/13 Morning Note B. Riley Caris Morning Notes: AEO, BC, BJRI, HZO, PCOM, PII, ROVI, SABA, SBH, SMTC, SPLS, TWX, ZUMZ
  • 03/07/13 Update AEO ($20.27, Buy; $26.00 PT): Solid Q4; soft/erratic traffic in early Q1 due to weather and macro factors; expect AEO to get its share of peak Spring business
  • 03/05/13 Update AEO ($21.63, Buy; $27.00 PT): Earnings preview: Expect a solid Q4 and conservative near-term guidance
  • 03/05/13 Morning Note B. Riley Caris Morning Notes: AEO, BWLD, CSTR, DCO, NLS, ODP, REIS, SPLS, TXN, ZQK
  • 01/22/13 Update Industry Update - 15th Annual ICR Xchange 2013: Notes & Highlights
  • 01/11/13 Morning Note B. Riley Caris Morning Notes: AEO, LEDS, MAT, Optical Components (AFOP, EMKR, FNSR, IIVI, JDSU, OCLR, OPLK), PRGX, PSUN, RLD, Security Software (CHKP, FIRE, FTNT, IMPV, PANW, VRSN), Semiconductors, TLYS, TYL
  • 01/11/13 Update AEO (Buy; $27.00 PT): Q4 Comp Running in Line; Reiterated Q4 EPS Guidance; Accelerating Post-Holiday Business; Favorable Response to Transitional Assortment
  • 01/02/13 Morning Note B. Riley Caris Morning Notes: CES Chip Preview (BRCM, INTC, MRVL, MXIM, NVDA, ONNN, RDA, SMTC), January Focus List, LGF, Retail Apparel Update (AEO, CWTR, GES, HOTT, SSI, TLYS, WTSLA, ZUMZ), RLD
  • 01/01/13 Update Update on Holiday 2012; December Comp Preview; Concerns Create ’13 Opportunity
  • 01/01/13 Update B. Riley Caris January Focus List: AEO, BBRG, BC, EMKR, KLAC, KTOS, LIOX, MXIM, OMX, PRGO, RLD, SIX, TIVO, WWWW
  • 12/20/12 Morning Note B. Riley Caris Morning Notes: AVP, HLF, Retail Apparel (AEO, CWTR, SSI, WTSLA, TLYS, ZUMZ), SMTC, TIVO
  • 12/19/12 Update Retail Apparel (B. Riley Caris Industry Update) "Blow-by Blow" Update in the Fight for Holiday Business
  • 12/03/12 Morning Note B. Riley & Co. Morning Notes: December Focus List (AEO, ANH, BBRG, BC, EMKR, FEIC, KTOS, LIOX, SIX, TIVO, WWWW), Exhibitors Industry Update (CKEC, CNK, IMAX, RGC, RLD), SUP
  • 12/03/12 Update B. Riley & Co. December Focus List: AEO, ANH, BBRG, BC, EMKR, FEIC, KTOS, LIOX, SIX, TIVO, WWWW
  • 11/29/12 Morning Note B. Riley & Co. Morning Notes: AEO, CWTR, ELNK, MCC, MPAA, PCOM, PPC, TIVO
  • 11/29/12 Update AEO (Buy; $27.00 PT): Vastly improved Q3; arguably conservative Q4 guidance is in line; Holiday trending strong; opportunity to expand margins and grow cash flow; reiterate “Buy”
  • 11/27/12 Morning Note B. Riley & Co. Morning Notes: AEO, CWTR, MPAA
  • 11/26/12 Morning Note B. Riley & Co. Morning Notes: TIVO, Industry Update: Exhibitors (CKEC, CNK, RGC, RLD), Industry Update: Retail (ANF, AEO, CWTR, FINL, HOTT, PSUN, SKX, SSI, TLYS, WTSLA, ZUMZ)
  • 11/26/12 Update Retail Industry Update: Black Friday Weekend Battlezone - Notes from the Front Lines