AEO - American Eagle Outfitters: Strong Q4 Sets Up 2024 Momentum

2024-03-07 10:30:45 ET

Summary

• American Eagle Outfitters, Inc. reported strong Q4 results with record-breaking sales and revenue growth.
• Margins improved due to favorable mix, strong demand, and cost-saving measures.
• American Eagle Outfitters, Inc. has a new long-term strategy to achieve significant revenue and operating margin growth by 2026.

American Eagle Outfitters, Inc. (NYSE: AEO ) is a stock we have traded numerous times. We had gotten behind it in June 2023 at $10 a share with that buy call reiterated in November at $16. Shares are at $23 at the time of this writing and look to head higher on the back of Q4 results . In this column we reiterate a buy again, and think the just-reported results help set up continued momentum in Q1....

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