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home / news releases / WBIY - American Eagle Outfitters: Mixed Q1 But Value Remains

WBIY - American Eagle Outfitters: Mixed Q1 But Value Remains

WBI Power Factor High Dividend
  • AEO reported Q1 earnings that missed on both the top and bottom lines.
  • The company announced guidance that would see 2022 operating profit above 2019 levels, but below 2021 levels.
  • AEO also amended their credit terms, paying off the majority of a 2025 convertible note, while also actioning a share buyback plan worth $200MM.
  • While the quarter was lethargic, there are still tailwinds for the company; I reiterate "Buy" with a $32 target share price within 18 months.

For further details see:

American Eagle Outfitters: Mixed Q1, But Value Remains
Stock Information
Company Name: WBI Power Factor High Dividend
Stock Symbol: WBIY
Market: NYSE
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