We recently published 8 Stocks on Jim Cramer’s Radar. American Eagle Outfitters, Inc. is one of the stocks on Jim Cramer’s radar.
Apparel firm American Eagle Outfitters, Inc.’s shares are up by 54% year-to-date. On December 11th, Goldman Sachs initiated coverage of the stock to set a Neutral rating and a $25 share price target. The bank pointed out that American Eagle Outfitters, Inc. can benefit from its high-income consumer base and the perception of offering good value for money. Goldman’s coverage came after Telsey had bumped its share price target to $25 from $18 and kept a Market Perform rating on the shares. It outlined that American Eagle Outfitters, Inc.’s latest quarterly earnings had seen the firm post robust margins driven by lower freight costs and other factors. The apparel company had posted its third quarter earnings on December 2nd that saw it earn $1.36 billion in revenue and $0.53 in earnings per share. The figures beat analyst estimates of $1.32 billion and $0.44. American Eagle Outfitters, Inc.’s management commented that its marketing campaigns were driving its sales. Cramer briefly discussed American Eagle Outfitters, Inc.:
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“People didn’t see that coming because they have been a terrible operator.”
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This article is originally published at Insider Monkey.
