American Eagle Outfitters (AEO) Momentum is Sustainable - Stifel

Stifel analyst, Richard Jaffe, reiterated his Buy on American Eagle Outfitters (NYSE: AEO) after it reported 1Q EPS of $0.22, $0.04 above consensus and $0.03 above the high end of management’s guidance. EPS increased 49% vs. $0.15 LY. Strong results despite difficult comparisons, unfavorable weather and a challenging retail environment. Customers responded favorably to the company’s innovative merchandise assortment, higher quality product and more compelling shopping experience fueling sales and margin. Strength was broad based with brick and mortar, e-commerce, AE brand and Aerie comping positive.

PT drops to $18 from $20 on industry wide multiple compression.

For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.

Shares of American Eagle Outfitters closed at $13.39 yesterday.

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