AEO - American Eagle Outfitters: Q1 Results Were Good And The Price Is Fair
2024-05-30 14:09:03 ET
Summary
- American Eagle Outfitters, Inc. reported Q1 2024 results with 4% top-line growth and 75% growth in adjusted operating income.
- The company's focus on women's athleisure and merchandise strategy is paying off, but the fashion retailing category is volatile.
- American Eagle Outfitters' valuation is reasonable, with a market cap of $4.6 billion and an EV/NOPAT multiple of 13x.
- However, it is not an opportunity at those prices and is, therefore, a Hold.
American Eagle Outfitters, Inc. ( AEO ) is an American fashion retailer. The company owns the namesake brand (teenager to young adult basics), along with Aerie (women's intimates) and OFFLINE (women's athleisure)....
American Eagle Outfitters: Q1 Results Were Good And The Price Is Fair