American Eagle Outfitters Inc (NYSE:AEO) is underperforming the broader market, down 1.9% in 2024, versus a 4.6% year-to-date gain for the SPDR S&P 500 ETF Trust (SPY). Last seen down 0.6% at $20.77 this afternoon, AEO continues to distance itself from its Jan. 12, 52-week high of $21.68. However, a historically bullish signal indicates this recent pullback could lead to good things in the near future for the apparel retailer.This is because American Eagle Outfitters stock just came within one standard devi ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering American Eagle Outfitters (AEO) , which belongs to the Zacks Retail - Apparel and Shoes industry.This teen clothing retailer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 34.38%.For the most recent quarter, American Eagle was exp ...

Stock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value. A stock buyback occurs when a company purchases outstanding shares of its stock. In its simplest form, buybacks represent companies essentially re-investing in themselves.And as of late, several companies – Meta Platforms (META) , American Eagle Outfitters (AEO) , and HCA Healthcare (HCA) – have unveiled new repurchase programs. Let’s take a closer look at each.Meta PlatformsMeta’s quarterly results ...

American Eagle Outfitters (AEO) has taken another decisive move in its strategy to boost shareholders' value through the approval of its new share repurchase authorization. The program allows for the buyback of 30 million shares of its common stock through Feb 3, 2029. This ambitious plan aims to replace the previous authorization that expired on Feb 3, 2024. It showcases the company's aggressive approach to capital management.In fiscal 2023, AEO demonstrated its financial prudence by repurchasing 1 million ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks h ...

Core Viewpoint - American Eagle Outfitters, Inc. (AEO) has authorized a new share repurchase program for 30 million shares, replacing the existing authorization set to expire on February 3, 2024, reflecting improved financial performance and a strong balance sheet [1] Group 1: Share Repurchase Program - The new share repurchase program will run through February 3, 2029, and follows a fiscal year 2023 repurchase of approximately one million shares [1] - The company plans to utilize existing cash and cash equivalents to fund the repurchases under the program [2] Group 2: Financial Performance and Dividends - AEO announced a 25% increase in its quarterly cash dividend in December, indicating confidence in the strength of its business and commitment to returning cash to shareholders [1] - The timing and total amount of stock repurchases will depend on various factors including business conditions, market conditions, and prevailing stock prices [2] Group 3: Company Overview - American Eagle Outfitters is a leading global specialty retailer offering clothing, accessories, and personal care products under the American Eagle® and Aerie® brands, operating in the U.S., Canada, Mexico, and Hong Kong, and shipping to approximately 80 countries [3]

More than $1 million has been distributed in the United States and Canada to fund inclusive libraries, Pride celebrations, gender-neutral restrooms, and more. LOS ANGELES, Feb. 1, 2024 /PRNewswire/ -- It Gets Better, the world's largest storytelling effort to empower LGBTQ+ youth, has opened applications for year three of its 50 States. 50 Grants. 5000 Voices. grants initiative. Grants of up to $10K each will be awarded to middle or high schools throughout the United States, including US territories, and fu ...

Investors eyeing opportunities in the Apparel industry's dynamic landscape should consider well-positioned stocks. Companies showcasing a superior product strategy, advanced omnichannel capabilities, prudent capital investments and an extensive customer reach are primed for success in 2024.Why Apparel Stocks?The Apparel industry is gearing up for a year of substantial growth, driven by the confluence of factors that are transforming the landscape. The increasing millennial population, coupled with rising di ...

Key PointsThe retail industry lags the broader market, although Walmart and Costco are among the biggest consumer staples gainers in January.Consumer spending has been strong, with retailers Lululemon, Abercrombie & Fitch, Urban Outfitters and American Eagle Outfitters among those forecasting robust EPS gains.Analysts see retail sales growing in 2024 but also expect consumers to cut back on spending somewhat. 5 stocks we like better than Abercrombie & FitchRetailers and retail-related stocks are among the t ...

Americans have once again started spending freely as inflationary pressures are steadily easing, making them more confident about the economy. Consumers cut down on spending on expensive goods and stuck to buying necessities for most of 2023 as rising costs continued to hurt their expenses.However, the last few months have seen people spending on expensive items and goods again. The apparel market, which took a hit during this time, also appears to be bouncing back. As retail sales got a major boost during ...