Posts for Ticker ‘AEO’

Top 10 Analyst Upgrades, Downgrades, Initiations (AEO, BNI, ENR, GET, GES, GD, STEC, VIA, YUM)

These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

American Eagle Outfitters (NYSE: AEO) Raised to Top Picks at FBR Capital; but shares were also Cut to Hold at Lazard.
Burlington Northern Santa Fe (NYSE: BNI) Cut to Neutral at JPMorgan; Cut to Neutral at UBS.
Energizer Holdings (NYSE: ENR) Cut to Neutral from Conviction Buy List at Goldman Sachs.
Gaylord Entertainment (NYSE: GET) Raised to Market Perform at both FBR and at Wells Fargo.
Guess? Inc. (NYSE: GES) Cut to Hold at Lazard.
General Dynamics (NYSE: GD) Raised to Outperform at Credit Suisse.
STEC, Inc. (NASDAQ: STEC) Cut to Perform at Oppenheimer; Cut to Source of Funds at ThinkEquity.
Viacom (NYSE: VIA) Raised to Outperform at Oppenheimer.
Yum! Brands (NYSE: YUM) Started as Buy at Janney Montgomery.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: November 4, 2009 – 8:09 am in Analyst Calls, , , , , , , , ,

The Twenty Companies Wall St. Can Trust The Most

uncle sam24/7 Wall St. asked Audit Integrity to screen  companies with market caps of more than $3 billion to create a list of the firms that use the most transparent and conservative accounting programs and have ”best of class” corporate governance and management. This data is based on the The Audit Integrity Accounting and Governance Risk rating which is a forensic measure of the clarity and statistical reliability of a corporation’s financial reporting and governance practices. To create this data Audit Integrity applies over 100 accounting and governance metrics to a company’s publicly filed information.

After reviewing this data, 24/7 created a list of The Twenty Companies Wall St. Can Trust The Most. The firms are ranked based on their Accounting and Governance Risk scores.

The list represents companies that have practices which should be emulated by every public company that wishes to serve the needs of its shareholders by presenting accurate financial data and providing conservative management of shareholder’s investments.

The Twenty Companies Wall St. Can Trust The Most:

 

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Posted on: October 26, 2009 – 5:10 am in Research, Uncategorized, , , , , , , , , , , , , , ,

52-Week High Club

American Eagle Outfiters Inc. (NYSE: AEO) hit a yearly high of $18.08 after the clothing vendor announced that it had raised its 3Q09 EPS estimate to $0.24-$0.26 from $0.22-$0.25.  

Anheuser-Busch InBev SA (NYSE: BUD) hit a yearly high of $48.19 after yesterday’s announcement that the company would be setting its theme park business to private equity firm Blackstone Group for $2.7 billion.

Colgate-Palmolive Company (NYSE: CL) hit a yearly high of $79.03 after the company declared a quarterly cash dividend of $0.44 per common share, payable on the 13th of November to all those in possession of the shares as of October 26th.

3Com Corporation (NASDAQ: COMS) hit s yearly high of %5.54 after yesterday’s annoumcement that the company had entered into contracts with the Republic of Korea Army and Republic of Korea Air Force to upgrade their local area networks.

Garrett W. McIntyre

Posted on: October 8, 2009 – 4:37 pm in ADR, Dividend, Food, Mergers and Buy Outs, Private Equity, Retail, Technology, , , ,

52-Week High Club

Gap Inc. (NYSE: GPS)  hits a yearly high of $22.54.  Fellow retailers Polo Ralph Lauren (NYSE: RL),  American Eagle Outfitters (NYSE: AEO) and J. Crew Group (NYSE: JCG) also hit yearly highs.

Goldman Sachs (NYSE: GS) hits a yearly high of $184.30 on analyst enthusiasm for underwriting and mergers and acquisitions businesses.  Credit Suisse (NYSE: CS) and Morgan Stanley (NYSE: MS) also hit yearly highs.

Google (NYSE: GOOG) hits a yearly high of $501.13 after a wave of price target increases on optimistic outlook for web advertising, including today’s increase by the brokerage Canaccord Adams.

Palm Inc. (Nasdaq: PALM) rallies to a yearly high of $17.12 on rumors that Nokia (NYSE: NOK) may be looking to bid on the handset maker. 

24/7 Wall St.

Posted on: September 22, 2009 – 4:32 pm in Financial Stocks, Mergers and Buy Outs, Retail, , , , , , , , , , , , ,

Early Analyst Calls (CHTR)(HON)(AEO)(MAR)

Cammonopoly_wideweb__430x3250Charter Communications (CHTR) was downgraded to "sell" at Citigroup.

Honeywell (HON) was downgraded to "hold" at Argus.

American Eagle (AEO) was startes as "buy" by Pali.

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Posted on: December 29, 2008 – 7:43 am in Analyst Calls, , , ,

As Market Plunges, Major Stocks Fall Under $10 (AEO, BCS, C, GLW, DRYS, IPAR, IPCS, LULU)

Burningmoney_3The market message has been the same for the entire last week.  Carnage and mayhem.  But what is interesting is how many household companies and how many widely held stocks have this week or today dipped under the $10.00 stock price.  This is horrible because it screws up options trading and begins to genuinely worry investors who were already worried.  Shares never dip under $10.00 because things are going so well.

American Eagle Outfitters Inc. (NYSE: AEO) broke under $10.00 early Monday and hasn’t been able to look back.   After a same store sales drop of 12% last week, the coolness looks long gone.  Maybe they could do a deal with Gap and really damage themselves.

Barclays plc (NYSE: BCS) hit $9.65 today, which is back to mid-1990’s levels.  The number one position in ETF’s can’t keep the financial giant from ruin.

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Posted on: November 12, 2008 – 2:50 pm in HI/LOW, Trading Alert, , , , , , , ,

Early Bird Analyst Upgrades (AEO, BPL, GMR, ITRI, PNR, TCK, URBN)

These are some of the top analyst upgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:

  • American Eagle (AEO) Started as Outperform at Oppenheimer.
  • Buckeye Partners (BPL) Raised to Neutral from Sell at Goldman Sachs.
  • General Maritime (GMR) Raised to Overweight at JPMorgan.
  • Itron (ITRI) Raised to Overweight at JPMorgan.
  • Pentair (PNR) Raised to outperform at Baird.
  • Teck Cominco (TCK) Raised to Buy at Goldman Sachs.
  • Urban Outfitters (URBN) Started as Outperform at Oppenheimer.

Jon C. Ogg
October 23, 2008

Posted on: October 23, 2008 – 6:32 am in Analyst Calls, , , , , , ,

The Mystery Of Urban Outfitters (URBN, AEF, ANF)

Uncle_samThe most bizarre thing about the economic slowdown is the continued strength of Urban Outfitters Inc. (URBN).

Not only is the Philadelphia-based retailer continuing to post impressive results but its stock just hit an all-time high. The company continues to open stores as well. During the six months ended July 31, it added 24 new locations, including 10 Urban Outfitters stores, 7 Anthropologie stores, 6 Free People stores and 1 Terrain garden center. It expects to open 45 new stores during the full fiscal year. The company also boosted gross profit margins by 373 and 408 points respectively in the three and six months ended July 31.

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Posted on: September 3, 2008 – 10:27 am in Retail, , , , , ,

24/7 Wall St. Day Trading Alerts (TMA)(MRVL)(AEO)(CLNE)(COH)

IcahnVSInvestor has several volume trading alerts today.

Thornburg Mortgage (TMA), a highly risky mortgage company stock is up sharply.

Several chip firms lead by Marvell Technology (MRVL) are down on negative brokerage reports.

American Eagle Outfitters (AEO) is off after earnings.

Douglas A. McIntrye

Posted on: August 26, 2008 – 8:46 am in Most Actives, , ,

Top Pre-Market Analyst Downgrades (ANF, AEO, ANN, CHS, CWTR, ENTR, IGT, MSA, OVTI, VNDA)

These are some of the analyst downgrades and negative calls we are seeing early this Tuesday morning:

  • Abercrombie & Fitch (ANF) Started as Neutral at Goldman Sachs.
  • American Eagle Outfitters (AEO) Started as Sell at Goldman Sachs.
  • AnnTaylor Stores (ANN) Started as Sell at Goldman Sachs.
  • Chico’s FAS (CHS) Started as Sell at Goldman Sachs.
  • Coldwater Creek (CWTR) Started as Sell at Goldman Sachs.
  • Entropic Communications (ENTR) Cut to Neutral at Piper Jaffray.
  • International Game Technology (IGT) Cut to Market Perform at Wachovia.
  • Mine Safety Appliances (MSA) Cut to Neutral at Baird.
  • OmniVision Technologies (OVTI) Cut to Neutral at JPMorgan.
  • Vanda Pharmaceuticals (VNDA) Cut To Neutral at JP Morgan; Cut to Neutral at Banc of America.

Jon C. Ogg
July 29, 2008

Posted on: July 29, 2008 – 6:51 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (ABK)(WM)(HUN)(IGT)(AEO)(SFD)

Smithfield Foods (SFD) S&P downgrades due to credit problems. Falls to $19.75 from 52-week high of $24.69.

American Eagle Outfitters (AEO) President of the company is leaving, and retail is poor. Falls to $13.37 from 52-week high of $28.28.

International Game Technology (IGT) Morgan Stanley downgrades after earnings. Sells down to $24.38 from 52-week high of $49.41.

Huntsman (HUN) Still falling after failed IPO. Down to $9.76 from 52-week high of $28.40.

Washington Mutual (WM) Still grave concerns about write-offs. Drops to $4.65 from 52-week high of $44.04.

Ambac (ABK) More worries about future credit agency downgrades. Dips ot $1.60 from 52-week high of $88.65.

Douglas A. McIntyre

Posted on: June 27, 2008 – 2:47 pm in HI/LOW, , , , , ,

American Eagle Outfitters Earnings: Value or Value Trap? (AEO)

American Eagle Outfitters Inc. (NYSE: AEO) has been one of those great success stories for teens and twenty-somethings.  Until last year and this year.

For April, its same-store sales came in at +2%.  This was better than expectations of 0.6% from First Call, although these stores compared to month by month same store sales targets can fluctuate wildly.  Its total sales including new stores was a gain of about 15% to $197.7 million. 

We also already have its quarterly number of "clothing revenues" as being up 5% total (down 6% on same store sales basis), with total store revenues at $640.3 million.  The company also reaffirmed its $0.18 to $0.20 EPS guidance.  Unfortunately, that number compares to $0.35 EPS in the same quarter last year.

First Call has estimates still pegged at $0.19 EPS on $637.16 million in revenues.  Next quarter estimates are $0.29 EPS on $741.4 million and fiscal January 2009 estimates are $1.58 EPS on $3.26 Billion in revenues.

With shares down less than 1% today, the current implied fiscal year expectations give it a forward P/E ratio of 10.8 for the current forward year and a multiple of about 1.1-times revenues.

From 2004 to 2007, this one of the greatest retail growth stock stories out there.  But the last 18-months haven’t yielded anything more than a downward channel for the stock that hasn’t been reversed yet.  That first attempt of a reversal at the start of 2008 failed and its stock is only about 10% off of its 52-week lows.

The 52-week trading range is $15.58 to $28.28.  This is either becoming one of the best value stocks out there…. or another value trap.  We’ll find out Wednesday morning.

Jon C. Ogg
May 27, 2008

Posted on: May 27, 2008 – 12:59 pm in Apparel, Earnings, Retail,

Top 10 Pre-Market Analyst Calls (AKAM, AEO, ARBA, BBI, CPWR, DVAX, FNSR, NCC, TOO, TXN)

These aren’t the only analyst calls this Monday morning, but these are the ones we are focusing on early this morning:

  • Akamai Tech (NASDAQ: AKAM) Cut to Hold from Buy at Citigroup.
  • American Eagle (NYSE: AEO) cut to Underperform at Friedman Billings.
  • Ariba (NASDAQ: ARBA) raised to Outperform at RBC Capital.
  • Blockbuster (NYSE: BBI) Added To Citigroup’s Top Picks list.
  • Compuware (NASDAQ: CPWR) Raised to Buy from Hold at Banc Of America.
  • Dynavax Technologies (NASDAQ: DVAX) cut to Peer Perform at Bear Stearns.
  • Finisar (NASDAQ: FNSR) Raised to Overweight at Thomas Weisel.
  • National City (NYSE: NCC) Raised to Buy from Hold at Citigroup.
  • Teekay Offshore (NYSE: TOO) raised to Outperform at Wachovia.
  • Texas Instruments (NYSE: TXN) Raised to Buy from Hold at Citigroup.

Jon C. Ogg
May 19, 2008

Jon Ogg produces and edits the "10 Stocks Under $10" newsletter and he does not own securities in the companies he covers.

Posted on: May 19, 2008 – 6:31 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ABK, AEO, KR, OWW, PCLN, SD, SBUX, TSO, BAC, CFC, JPM, WB, WFC, COF, USB)

These are not the only analyst calls moving stocks today in pre-market trading, but these are the top calls that 247WallSt.com is reviewing this morning:

  • AMBAC Financial (ABK) raised to Outperform from Market Perform at FBR.
  • American Eagle Outfitters (AEO) raised to Outperform at Bear Stearns.
  • Kroger (KR) raised to Outperform from Neutral at Credit Suisse.
  • Orbitz (OWW) raised to Overweight from Equal-Weight at Lehman.
  • Priceline.com (PCLN) cut to Hold at Citigroup.
  • SandRidge Energy (SD) initiated after quiet-period: Banc of America at Buy; Bear Stearns at Peer Perform; J.P.Morgan at Neutral; Lehman Brothers at Overweight; RBC at Outperform.
  • Starbucks (SBUX) downgraded to Sector Perform at RBC.
  • Tesoro (TSO) raised to Buy at Citigroup.
  • Citigroup makes lage downgrades in Financial Stocks: Bank of America (BAC), Countrywide (CFC) First Horizon (FHN), JPMorgan Chase (JPM), MGIC (MTG), PNC Bank (PNC), Wachovia (WB) and Wells Fargo (WFC) ALL CUT TO HOLD; Capital One (COF), Comerica (CMA), M&T Bank (MTB), Radian (RDN), and US Bancorp (USB) ALL DOWNGRADED TO SELL.

Jon C. Ogg
December 17, 2007

Posted on: December 17, 2007 – 8:04 am in Analyst Calls, , , , , , , , , , , , , , ,

Pre-Market Analyst Calls (November 6, 2007)

Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN

Abercrombie & Fitch (ANF) started as Buy at UBS.
Aeropostale (ARO) started as Neutral at UBS.
American Eagle Outfitters (AEO) raised to Hold at Citigroup.
Ann Taylor (ANN) started as Buy at UBS.
Autodesk (ADSK) raised to Overweight at Lehman.
Biomarin (BMRN) Started as Buy at Jefferies.
CA INC. (CA) raised to Equal-Weight at Lehman.
Chico’s FAS (CHS) started as Neutral at UBS.
Citigroup (C) cut to Neutral at B of A.
Cognos (COGN) cut to Sector Perform at CIBC.
Coldwater Creek (CWTR) started as Neutral at UBS.
Entergy (ETR) cut to Hold at Jefferies.
Gap Inc. (GPS) started as Buy at UBS.
Googe (GOOG) target raised to $850 at Sanford Bernstein.
J.Crew (JCG) started as Neutral at UBS.
Leapfrog (LF) started as Strong Buy at Needham.
MasterCard (MA) raised to Buy at Deutsche Bank.
Microsoft (MSFT) removed from Conviction Buy List at Goldman Sachs.
OdysseyRe (ORH) raised to Hold at Citigroup.
Oracle (ORCL) replaced Microsoft on Goldman Sachs Conviction Buy List.
PepsiAmericas (PAS) cut to Underweight at JPMorgan.
PhotoChannel (PNWIF) started as Buy at Merriman Curhan Ford.
Portugal Telecom (PT) raised to Buy at UBS.
Research In Motion (RIMM) raised to Outperform at Credit Suisse.
Sun Micro (JAVA) raised to Buy at Citigroup.
Symantec (SYMC) cut to Equal-Weight at Lehman.
Under Armour (UA) started as Underweight at Morgan Stanley.
Urban Outfitters (URBN) started as Buy at UBS.

Jon C. Ogg
November 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: November 6, 2007 – 7:57 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Cramer’s Retail & Apparel Calls On The Fed (PVH, PERY, RL, DLTR, GPS, AEO)

On tonight’s Mad Money on CNBC, Jim Cramer said he is adamant of a RATE CUT from the Federal Reserve and sticking his head out waiting for it.  He still thinks the way to play this is by being in best of breed and solid retail stocks, particularly since this is FASHION WEEK.  He has one play he thinks is a big buy, but there are also a couple retail stocks in fashion and apparel that you should avoid.

The one Cramer loves and thinks you should own right now is Phillips-Van Heusen (NYSE:PVH), which owns Calvin Klein.  That isn’t the only brand and isn’t the only good brand.  It licenses Kenneth Cole, DKNY, Joseph Abboud, and has IZOD, Bass, Geoffrey Beene.  He thinks this may be immune from missing estimates and will grow from the outside of the US sales.  It also has 725 outlet stores it sells through.  PVH rose 1.5% to $56.00 after the Cramer call, but shares were down 1.9% in normal trading and closed at $55.18 in normal trading.

A call-in during the first ‘avoid segment’ was actually from an overstock retail specialist, and Crameragreed that there is major discounting and overstocking going on inapparel right now.  Cramer still thinks the way to key off of goodretailers is by gaging the Fed ahead of rate cuts. In the call-insegment he was positive on Gap (NYSE:GPS), Dollar Tree (NASDAQ:DLTR),and American Eagle Outfitters (NYSE:AEO).

CRAMER’S AVOID LIST FOR NOW

Perry Ellis (NASDAQ:PERY) is a fairly unfashionable label that blew away earnings, but the quality of earnings was a beat because of cost cuts and they are a mid-tier fashion brand.  This is also the most at risk if Cramer is wrong on the rate cuts, and he’s concerned about Perry Eliis’ future.  It also gives no dividend and has no share buyback plan.

Ralph Lauren (NYSE:RL) is a best of breed clothier, and Citigroup just started it as a Buy this week.  On August 8 the earnings miss punished the stock after an earnings warning.  He said he gave the management the benefit of the doubt right before the retail stock slide happened.  Tonight Jim Cramer is saying now that he cannot recommend this one now, and he said he’s sitting on the sidelines now.  Blowing a quarter means you have to weigh the risk/reward a quarter later to make sure this isn’t a one time event.

Jon C. Ogg
September 5, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the 24/7 Wall St. SPECIAL SITUATION INVESTING NEWSLETTER and he does not own securities in the companies he covers.

Posted on: September 5, 2007 – 5:24 pm in Apparel, Cramer, , , , , ,

Pre-Market Analyst Calls (September 4, 2007)

ABY raised to Neutral at UBS.
AMD raised to neutral at Credit Suisse.
AG raised to neutral at Credit Suisse.
AEO raised to Outperform at Cowen.
BLOG started as Outperform at Wachovia.
DVA raised to Buy at Deutsche Bank.
EXEL cut to Mkt Perform at Wachovia.
FCSX raised to BUy at B of A.
HOKU raised to Mkt Perform at Piper Jaffray.
HSII cut to Sell at UBS.
INFA started as Outperform at CIBC.
KFN cut to Sell at UBS.
KOP cut to Hold at Jefferies.
KPN cut to Hold at Citigroup.
KSU raised to Buy at UBS.
MNST cut to Neutral at UBS.
MXIM started as Outperform at RBC Capital.
OII started as Overweight at JPMorgan.
OTE cut to Peer Perform at Bear Stearns.
PCG raised to Overweight at Lehman.
RDS/A raised to Buy at UBS.
RHI cut to Neutral at UBS.
RIMM cut to Peeer Perform at Bear Stearns.
SMOD cut to Hold at Citigroup.
SPR started as Overweight at Lehman.
TEF cut to Hold at Citigroup.
TMA raised to Outperform at FBR.
TYC raised to Buy at Deutsche Bank.
TYPE started as Buy at B of A.
TYPE started as Buy at Jefferies.
WEC raised to Overweight at Lehman.

Jon C. Ogg
September 4, 2007

Posted on: September 4, 2007 – 7:12 am in Analyst Calls, , , , , , , , , , , , , , , , , , , ,