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American Eagle Outfitters experienced a 13.02% decrease in insider ownership, with insiders selling over 1 million shares valued at $21.1 million in the last three months. Institutional investors hold 97.33% of the stock, while UBS Group lowered its price target from $34 to $32, indicating a potential upside of 82.75%. The stock currently has a "Hold" rating, with a consensus target price of $23.11.
American Eagle Outfitters, Inc. is an international specialty retailer known for its apparel, accessories, and personal care products under the American Eagle and Aerie brands. The company operates in the U.S., Canada, Mexico, and Hong Kong, and has licensing agreements for stores in Asia, Europe, Latin America, and the Middle East. Additionally, it features the high-end menswear brand Todd Snyder New York.
American Eagle Outfitters, Inc. is a global specialty retailer known for its American Eagle and Aerie brands, offering apparel, accessories, and personal care products. The company operates in the U.S., Canada, Mexico, and Hong Kong, and has expanded through licensing agreements in Asia, Europe, Latin America, and the Middle East. Additionally, it features the premium menswear brand Todd Snyder New York.
US benchmarks, including the Dow Jones, S&P 500, and Nasdaq Composite, reached record highs, fueled by a surge in tech stocks following strong earnings from Salesforce and Marvell Technology. In contrast, American Eagle Outfitters cut its full-year sales guidance and issued a grim holiday outlook. Meanwhile, the French government fell after a no-confidence vote, and the Bank of England's Governor hinted at potential interest rate cuts if inflation continues to decline.
U.S. stock futures showed little movement after the S&P 500 and Nasdaq reached new closing highs, with the Dow Jones Industrial Average also surpassing 45,000 for the first time. American Eagle's shares dropped over 13% due to a weak holiday forecast, while Five Below surged 14% following strong earnings. Investors are awaiting key economic data, including jobless claims and nonfarm payrolls, as the Fed signals a cautious approach to rate cuts amid a robust economy.
American Eagle's shares fell 13% after the company issued weak holiday guidance and cut its full-year forecast, citing challenges with value-seeking consumers. Despite a strong back-to-school season, the retailer reported a slight revenue decline and missed Wall Street's sales targets for the third consecutive quarter. The company anticipates a 1% increase in comparable sales for the holiday quarter, down from previous expectations, while its Aerie brand continues to show strong demand with record revenue.

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