NYSE:AEOSpecialty Retail
Does American Eagle (AEO) Signal a Deeper Strategic Shift with Estimate Upgrades and Distribution Cuts?
Recently, American Eagle Outfitters drew heightened analyst attention as upward revisions to consensus earnings and sales estimates led Zacks to assign the company its top Rank #1 (Strong Buy) rating, while a separate decision to close a Massachusetts distribution facility will cut 103 jobs as part of a portfolio-focused restructuring.
These developments come against a backdrop of relatively modest 2.2% annual revenue growth over the past three years and questions about capital allocation...