AEO - Stock Market Sell-Off: Is American Eagle Outfitters a Buy?
2023-04-18 10:00:00 ET
American Eagle Outfitters (NYSE: AEO) is not the type of investment that a conservative dividend investor should be looking at now. The dividend has been spotty of late and the company's focus on teen fashion is, well, volatile even at the best of times given the mercurial nature of its target customers. And yet, there's something interesting going on at the company that the headline numbers may be hiding.
American Eagle Outfitters' stock is down a painful 25% or so from where it was a year ago. That compares to a roughly 6% gain for an S&P 500 index ETF. The shares have seen a notable drop over the past few months after working back from 52-week lows, which were nearly 45% below the prices from a year ago. Investors are clearly less than thrilled with the teen retailer right now.
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Stock Market Sell-Off: Is American Eagle Outfitters a Buy?