American Eagle Outfitters (AEO)
Market Price (6/6/2026): $16.34 | Market Cap: $2.7 BilSector: Consumer Discretionary | Industry: Apparel Retail
American Eagle Outfitters (AEO)
Market Price (6/6/2026): $16.34Market Cap: $2.7 BilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 6.7% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Eco-friendly Products, Show more. | Weak multi-year price returns2Y Excs Rtn is -60% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% Key risksAEO key risks include [1] its failure to anticipate rapidly changing fashion trends in a highly competitive retail landscape and [2] inventory mismanagement leading to significant write-downs and reduced margins. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 6.7% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Eco-friendly Products, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -60% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% |
| Key risksAEO key risks include [1] its failure to anticipate rapidly changing fashion trends in a highly competitive retail landscape and [2] inventory mismanagement leading to significant write-downs and reduced margins. |
Qualitative Assessment
AI Analysis | Feedback
American Eagle Outfitters (AEO) stock has lost about 35% since 2/28/2026 because of the following key factors:
1. Weakness in the American Eagle Brand overshadowed overall strong quarterly performance. Despite American Eagle Outfitters reporting Q1 2026 total net revenue of $1.2 billion (up 10% year-over-year) and earnings per share of $0.14, both exceeding analyst estimates, the core American Eagle brand showed a 2% decline in comparable sales and a 2.2% decrease in revenue to $678.5 million. This overshadowed the significant growth of its Aerie brand, which saw comparable sales rise 25% and revenue jump 33.6% to $480.8 million, leading to investor disappointment.
2. Investor concerns emerged from the company's guidance and increased inventory levels. Despite exceeding Q1 operating profit guidance with $28 million, the company reiterated its fiscal 2026 operating income forecast of $390 million to $410 million, which some investors found disappointing given the positive Q1 beat. Additionally, total ending inventory increased 27% to $817 million, with units up 5%, raising concerns, particularly as this increase in cost reflects the impact of tariffs and a comparison to a previous year's inventory write-down.
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Stock Movement Drivers
Fundamental Drivers
The -32.6% change in AEO stock from 2/28/2026 to 6/5/2026 was primarily driven by a -50.3% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.40 | 16.44 | -32.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,341 | 5,653 | 5.8% |
| Net Income Margin (%) | 3.9% | 5.0% | 27.1% |
| P/E Multiple | 19.8 | 9.8 | -50.3% |
| Shares Outstanding (Mil) | 169 | 168 | 0.6% |
| Cumulative Contribution | -32.6% |
Market Drivers
2/28/2026 to 6/5/2026| Return | Correlation | |
|---|---|---|
| AEO | -32.6% | |
| Market (SPY) | 7.8% | 37.0% |
| Sector (XLY) | -1.5% | 40.3% |
Fundamental Drivers
The -18.5% change in AEO stock from 11/30/2025 to 6/5/2026 was primarily driven by a -43.7% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.17 | 16.44 | -18.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,267 | 5,653 | 7.3% |
| Net Income Margin (%) | 3.7% | 5.0% | 32.6% |
| P/E Multiple | 17.5 | 9.8 | -43.7% |
| Shares Outstanding (Mil) | 171 | 168 | 1.7% |
| Cumulative Contribution | -18.5% |
Market Drivers
11/30/2025 to 6/5/2026| Return | Correlation | |
|---|---|---|
| AEO | -18.5% | |
| Market (SPY) | 8.5% | 28.6% |
| Sector (XLY) | -2.5% | 39.2% |
Fundamental Drivers
The 54.9% change in AEO stock from 5/31/2025 to 6/5/2026 was primarily driven by a 60.3% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.61 | 16.44 | 54.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,329 | 5,653 | 6.1% |
| Net Income Margin (%) | 6.2% | 5.0% | -19.8% |
| P/E Multiple | 6.1 | 9.8 | 60.3% |
| Shares Outstanding (Mil) | 190 | 168 | 13.5% |
| Cumulative Contribution | 54.9% |
Market Drivers
5/31/2025 to 6/5/2026| Return | Correlation | |
|---|---|---|
| AEO | 54.9% | |
| Market (SPY) | 26.6% | 32.8% |
| Sector (XLY) | 8.3% | 37.5% |
Fundamental Drivers
The 76.7% change in AEO stock from 5/31/2023 to 6/5/2026 was primarily driven by a 122.4% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.30 | 16.44 | 76.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,016 | 5,653 | 12.7% |
| Net Income Margin (%) | 2.2% | 5.0% | 122.4% |
| P/E Multiple | 16.2 | 9.8 | -39.2% |
| Shares Outstanding (Mil) | 194 | 168 | 15.9% |
| Cumulative Contribution | 76.7% |
Market Drivers
5/31/2023 to 6/5/2026| Return | Correlation | |
|---|---|---|
| AEO | 76.7% | |
| Market (SPY) | 83.4% | 40.6% |
| Sector (XLY) | 55.3% | 42.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AEO Return | 29% | -43% | 55% | -19% | 65% | -36% | -4% |
| Peers Return | 42% | -23% | 67% | 41% | 18% | -9% | 178% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| AEO Win Rate | 58% | 25% | 67% | 33% | 50% | 50% | |
| Peers Win Rate | 60% | 40% | 57% | 57% | 60% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| AEO Max Drawdown | -40% | -61% | -40% | -36% | -46% | -47% | |
| Peers Max Drawdown | -28% | -48% | -36% | -33% | -44% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ANF, URBN, VSCO, BKE, LEVI. See AEO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
| Event | AEO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -34.8% | -18.8% |
| % Gain to Breakeven | 53.3% | 23.1% |
| Time to Breakeven | 83 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.0% | -6.7% |
| % Gain to Breakeven | 56.4% | 7.1% |
| Time to Breakeven | 75 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.5% | -24.5% |
| % Gain to Breakeven | 153.2% | 32.4% |
| Time to Breakeven | 518 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.0% | -33.7% |
| % Gain to Breakeven | 108.2% | 50.9% |
| Time to Breakeven | 145 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.5% | -19.2% |
| % Gain to Breakeven | 30.8% | 23.8% |
| Time to Breakeven | 104 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -37.6% | -3.7% |
| % Gain to Breakeven | 60.2% | 3.9% |
| Time to Breakeven | 203 days | 6 days |
In The Past
American Eagle Outfitters's stock fell -34.8% during the 2025 US Tariff Shock. Such a loss loss requires a 53.3% gain to breakeven.
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Asset Allocation
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| Event | AEO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -34.8% | -18.8% |
| % Gain to Breakeven | 53.3% | 23.1% |
| Time to Breakeven | 83 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.0% | -6.7% |
| % Gain to Breakeven | 56.4% | 7.1% |
| Time to Breakeven | 75 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.5% | -24.5% |
| % Gain to Breakeven | 153.2% | 32.4% |
| Time to Breakeven | 518 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.0% | -33.7% |
| % Gain to Breakeven | 108.2% | 50.9% |
| Time to Breakeven | 145 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.5% | -19.2% |
| % Gain to Breakeven | 30.8% | 23.8% |
| Time to Breakeven | 104 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -37.6% | -3.7% |
| % Gain to Breakeven | 60.2% | 3.9% |
| Time to Breakeven | 203 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.3% | -12.2% |
| % Gain to Breakeven | 37.6% | 13.9% |
| Time to Breakeven | 172 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -38.9% | -0.2% |
| % Gain to Breakeven | 63.8% | 0.2% |
| Time to Breakeven | 359 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -27.4% | -17.9% |
| % Gain to Breakeven | 37.7% | 21.8% |
| Time to Breakeven | 70 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -35.0% | -15.4% |
| % Gain to Breakeven | 53.9% | 18.2% |
| Time to Breakeven | 623 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -65.2% | -53.4% |
| % Gain to Breakeven | 187.3% | 114.4% |
| Time to Breakeven | 1250 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.5% | -8.6% |
| % Gain to Breakeven | 25.7% | 9.5% |
| Time to Breakeven | 1854 days | 47 days |
In The Past
American Eagle Outfitters's stock fell -34.8% during the 2025 US Tariff Shock. Such a loss loss requires a 53.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About American Eagle Outfitters (AEO)
AI Analysis | Feedback
1. AEO is like a Gap Inc. for a younger, more casual demographic.
2. AEO is like Abercrombie & Fitch, but with a hugely popular intimates and activewear brand (Aerie).
AI Analysis | Feedback
- Apparel: A wide range of clothing for men and women, including jeans, specialty apparel, graphic tees, activewear, and swim collections, offered across its various brands.
- Intimates: Undergarments and related apparel primarily for women, a key offering of the Aerie brand.
- Accessories: Items like jewelry, bags, and other additions that complement clothing, available under the American Eagle brand.
- Personal Care Products: A selection of beauty and self-care items, available under both American Eagle and Aerie brands.
AI Analysis | Feedback
```htmlAmerican Eagle Outfitters (AEO) primarily sells its products to individuals (consumers) rather than to other companies. The company operates as a specialty retailer, distributing its merchandise through its own network of stores (American Eagle, Aerie, Todd Snyder), company websites (ae.com, aerie.com, toddsnyder.com), and locations operated by licensees.
Based on its brand portfolio and product offerings, American Eagle Outfitters serves the following categories of customers:
- Young Adults and Teens: This is the core demographic for the American Eagle and Aerie brands, seeking casual apparel, jeans, accessories, and intimates. The products are designed for both young men and women looking for trendy and comfortable everyday wear.
- Women Seeking Intimates, Activewear, and Swimwear: Specifically targeted by the Aerie brand, this category of customers values comfort, body positivity, and style in their intimate apparel, activewear, and swimwear collections.
- Men Seeking Premium or Branded Casual Wear: The Todd Snyder New York brand caters to men looking for more sophisticated, designer-quality menswear. Additionally, the Tailgate brand targets men interested in graphic tees and casual apparel, often with a collegiate or sports-inspired theme.
AI Analysis | Feedback
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American Eagle Outfitters (AEO) Management Team:Jay Schottenstein, Executive Chairman of the Board and Chief Executive Officer
Jay Schottenstein has served as the Executive Chairman of the Board of American Eagle Outfitters since 1992 and as Chief Executive Officer from 1992 to 2002, and again from 2014 to present. He, along with his father, Jerome Schottenstein, played a pivotal role in transforming AEO into a multi-brand global retailer. Jay is also the Chairman, President, and CEO of Schottenstein Stores Corp., Chairman and CEO of American Signature Inc., Executive Chairman of Designer Brands, Inc., and Chairman and CEO of SB360 Capital Partners, demonstrating a long history of leading diverse retail brands. Under his leadership, AEO launched its first denim line in 1997 and instrumental in the launch of Aerie.
Michael Mathias, Executive Vice President – Chief Financial Officer
Michael Mathias was appointed Executive Vice President and Chief Financial Officer of American Eagle Outfitters in April 2020. He first joined the company over 20 years ago, starting as a manager of finance for stores and operations. He gained progressive leadership experience across various finance and operational areas, including e-commerce, store finance, Aerie planning, strategy, and business development. From 2016 to 2017, Mathias briefly served as VP, Financial Planning and Analysis at General Nutrition Centers, Inc. before returning to AEO as Senior Vice President of Financial Planning & Analysis.
Jennifer Foyle, President, Executive Creative Director – AE & Aerie
Jennifer Foyle joined AEO in August 2010 to lead the Aerie brand and expanded her scope in 2020 to oversee the strategic vision of American Eagle, rising to her current position. She has been a crucial force in Aerie's rapid expansion and its growth to a nearly $2 billion brand. Foyle revolutionized the intimate apparel industry in 2014 by introducing body positivity and inclusivity through the #AerieREAL campaign. Prior to Aerie, she served as President of the global lifestyle brand Calypso St. Barth and held positions of increasing responsibility at Gap Inc. and J. Crew, having nearly 30 years of experience in the apparel retail industry.
Todd Snyder, Executive Vice President
Todd Snyder has been an Executive Vice President of American Eagle Outfitters since November 2015. He is the founder of his eponymous menswear label, launched in 2011, and also the Tailgate brand, founded in 1997. American Eagle Outfitters acquired both the Todd Snyder label and Tailgate Clothing Company in November 2015. Prior to founding his brands, Snyder spent over two decades in retail apparel, including roles as Designer for Polo Ralph Lauren, Director of Menswear for the Gap, and Senior Vice President of Menswear at J. Crew.
Sarah, Executive Vice President – Chief Supply Chain and Technology Officer
Sarah joined AEO in October 2023 as Executive Vice President – Chief Supply Chain Officer, with her role expanding to Chief Supply Chain and Technology Officer in October 2024. In this position, she directs all facets of the company's global supply chain operations, including product development, sourcing, production, and distribution for AEO's brands, as well as Quiet Logistics, a subsidiary. Additionally, she assumed leadership of the International business in November 2025. Sarah has over two decades of extensive experience in supply chain management across several large-scale, multi-brand retail organizations, having previously served as Chief Supply Chain Officer at PVH Corporation.
AI Analysis | Feedback
Here are the key risks to American Eagle Outfitters (AEO):
- Evolving Consumer Preferences, Intense Competition, and Economic Sensitivity: American Eagle Outfitters operates in a highly dynamic and competitive retail apparel market. The company is significantly susceptible to shifts in fashion trends, changing consumer preferences (particularly among its young adult demographic), and the growing influence of online-only retailers and social commerce platforms. Macroeconomic uncertainties, such as inflation and higher living costs, directly impact consumer discretionary spending, leading to more cautious purchasing behavior. The performance of its American Eagle brand has shown a slowdown, with comparable sales declining, highlighting the risk that the growth of its successful Aerie brand may not fully offset challenges in the larger American Eagle segment.
- Supply Chain Disruptions and Rising Costs: As a global retailer, American Eagle Outfitters is exposed to significant supply chain vulnerabilities. Risks include disruptions caused by extreme weather events, geopolitical conflicts, labor disputes, and regulatory changes in key manufacturing countries. Tariffs and the strength of the U.S. dollar also create challenges, leading to increased costs for imported goods and impacting profitability. Managing complex global production networks and ensuring resilient supply chains against material shortages, labor gaps, and delivery delays remains a top industry concern, directly affecting AEO's operational efficiency and margins.
- Inventory Management and Operational Inefficiencies: American Eagle Outfitters has faced challenges related to merchandising strategies and inventory management. Issues with excess stock have led to higher promotions, inventory write-downs, and decreased gross profit margins, directly impacting the company's profitability. Operational inefficiencies, where cost of sales and selling, general, and administrative expenses outpace revenue growth, also reflect challenges in merchandise planning and the ability to respond swiftly to market trends.
AI Analysis | Feedback
The rise of ultra-fast fashion e-commerce retailers such as Shein and Temu presents a clear emerging threat. These companies leverage agile supply chains, data-driven trend identification, and direct-to-consumer online models to offer trendy apparel at extremely low price points with rapid turnover, directly competing with American Eagle Outfitters' core business in specialty apparel and accessories, particularly among younger, trend-conscious consumers.
AI Analysis | Feedback
American Eagle Outfitters (AEO) operates in several addressable markets, including the broad apparel market, intimate apparel, personal care products, denim, and activewear. Below are the estimated market sizes for these key product categories:
-
Apparel Market:
- Globally, the apparel market was valued at approximately USD 1.84 trillion in 2025.
- In the U.S., the apparel market is projected to reach USD 399.77 billion by 2026.
-
Intimate Lingerie Market:
- The global intimate lingerie market size was valued at USD 48.59 billion in 2025.
- The U.S. intimate lingerie market was valued at USD 23.20 billion in 2024 and is projected to reach USD 34.64 billion by 2030.
-
Personal Care Products Market:
- The global beauty and personal care products market size was valued at USD 561.4 billion in 2024.
- The United States personal care product market size was estimated at USD 136.03 billion in 2024.
-
Denim Market (including jeans):
- The global denim market size was valued at USD 78.90 billion in 2025.
- The USA jeans market size was valued at USD 130 billion in 2023.
-
Activewear Market:
- The global activewear market size is estimated to have a value of USD 451.0 billion in 2025.
- The U.S. activewear market is projected to be valued at USD 147.9 billion in 2025.
AI Analysis | Feedback
American Eagle Outfitters (AEO) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives focusing on brand amplification, operational optimization, and targeted expansion.
Here are 4 expected drivers of future revenue growth:
- Continued Expansion and Strength of Aerie and OFFL/NE Brands: Aerie continues to be a primary growth engine for American Eagle Outfitters, consistently demonstrating strong comparable sales growth. The company is focused on building brand awareness and expanding into new categories for Aerie, particularly within activewear through its OFFL/NE by Aerie brand. There are plans to open dozens of new Aerie and OFFL/NE stores annually through 2025-2026, primarily in Tier-1/2 U.S. trade areas and select Canadian markets, with Aerie positioned to reach a $2 billion revenue trajectory in the medium term.
- Reinvigoration and Category Expansion of the American Eagle Brand: AEO's strategy includes amplifying the American Eagle brand, with a focus on its market leadership in denim. The company aims to elevate key businesses and expand into "right-to-win adjacencies" within the American Eagle brand. Positive results have been noted in men's apparel, women's tops, and signature AE jeans, with a focus on improving the men's business.
- Strategic Store Fleet Optimization and Digital Investments: American Eagle Outfitters is actively optimizing its store footprint to enhance profitability and customer experience. This involves opening approximately 35-40 new Aerie and OFFL/NE stores, remodeling around 60 American Eagle stores, and strategically closing 25-30 lower-productivity American Eagle stores in 2026. Concurrently, AEO is investing in its digital platform to grow its e-commerce business, focusing on foundational improvements to the shopping experience, localized assortments, payments, and faster delivery.
- Growth of the Todd Snyder Brand: The Todd Snyder New York menswear brand, part of the American Eagle Outfitters portfolio, is identified as a growth vehicle. The brand has been expanding its retail footprint, averaging approximately five new store openings per year since 2020. Todd Snyder aims to operate 40-50 stores and reach $500 million in annual sales within five years, building on its strong direct-to-consumer business.
AI Analysis | Feedback
Share Repurchases
- On February 1, 2024, American Eagle Outfitters' Board of Directors authorized 30 million shares of common stock for repurchase through February 3, 2029.
- An additional 50 million shares were authorized for repurchase on March 11, 2025, increasing the total shares available for repurchase to 68.5 million through February 3, 2029.
- In fiscal year 2025, American Eagle Outfitters repurchased 21 million shares for $256 million.
Share Issuance
- American Eagle Outfitters reissued approximately 2,798 shares from treasury stock in Fiscal 2021, 1,643 shares in Fiscal 2022, and 2,539 shares in Fiscal 2023, primarily for share-based payments.
Capital Expenditures
- Capital expenditures for fiscal year 2025 totaled $261 million.
- The company anticipates capital expenditures for fiscal year 2026 to be in the range of $250 million to $260 million.
- These expected expenditures are focused on technology upgrades, general corporate maintenance, and the opening of 35 new Aerie and OFFLINE stores, alongside approximately 60 store remodels.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 44.82 |
| Mkt Cap | 3.4 |
| Rev LTM | 5,653 |
| Op Inc LTM | 606 |
| FCF LTM | 315 |
| FCF 3Y Avg | 315 |
| CFO LTM | 575 |
| CFO 3Y Avg | 529 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.9% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 10.3% |
| Op Inc Chg 3Y Avg | 21.2% |
| Op Mgn LTM | 10.9% |
| Op Mgn 3Y Avg | 9.6% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 10.6% |
| CFO/Rev 3Y Avg | 12.4% |
| FCF/Rev LTM | 7.3% |
| FCF/Rev 3Y Avg | 8.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.4 |
| P/S | 1.0 |
| P/Op Inc | 8.7 |
| P/EBIT | 8.7 |
| P/E | 10.8 |
| P/CFO | 9.0 |
| Total Yield | 11.7% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 8.1% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.8% |
| 3M Rtn | -10.3% |
| 6M Rtn | -14.0% |
| 12M Rtn | 14.0% |
| 3Y Rtn | 78.4% |
| 1M Excs Rtn | -3.0% |
| 3M Excs Rtn | -19.9% |
| 6M Excs Rtn | -24.2% |
| 12M Excs Rtn | -8.1% |
| 3Y Excs Rtn | 13.2% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| American Eagle | 3,385 | 3,362 | 3,263 | 3,556 | 2,734 |
| Aerie | 1,738 | 1,670 | 1,507 | 1,376 | 990 |
| Other | 244 | 489 | 469 | 79 | 35 |
| Intersegment Elimination | -39 | -259 | -249 | ||
| Total | 5,329 | 5,262 | 4,990 | 5,011 | 3,759 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| American Eagle | 607 | 600 | 541 | 786 | 93 |
| Aerie | 316 | 276 | 167 | 212 | 60 |
| Intersegment Elimination | 0 | 0 | |||
| Impairment, restructuring and other charges | -18 | -153 | -22 | ||
| Other | -54 | -36 | -57 | -407 | -425 |
| Unallocated corporate expenses | -424 | -464 | -383 | ||
| Total | 427 | 223 | 247 | 591 | -271 |
Price Behavior
| Market Price | $16.44 | |
| Market Cap ($ Bil) | 2.8 | |
| First Trading Date | 04/14/1994 | |
| Distance from 52W High | -41.0% | |
| 50 Days | 200 Days | |
| DMA Price | $17.07 | $19.35 |
| DMA Trend | up | down |
| Distance from DMA | -3.7% | -15.1% |
| 3M | 1YR | |
| Volatility | 49.8% | 69.8% |
| Downside Capture | 134.53 | 156.43 |
| Upside Capture | 47.07 | 175.57 |
| Correlation (SPY) | 37.5% | 33.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.67 | 1.97 | 1.59 | 1.28 | 1.95 | 1.48 |
| Up Beta | 8.03 | 3.36 | 2.83 | 2.32 | 3.23 | 1.72 |
| Down Beta | 0.34 | 0.97 | 0.93 | 1.27 | 1.27 | 1.12 |
| Up Capture | -84% | 32% | 5% | 37% | 226% | 335% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 19 | 28 | 61 | 122 | 382 |
| Down Capture | 92% | 242% | 231% | 126% | 142% | 110% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 22 | 35 | 62 | 126 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AEO | |
|---|---|---|---|---|
| AEO | 65.8% | 69.7% | 0.98 | - |
| Sector ETF (XLY) | 7.8% | 18.3% | 0.27 | 37.5% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 32.9% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | -0.3% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | -15.7% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | 23.5% |
| Bitcoin (BTCUSD) | -39.7% | 42.2% | -1.08 | 16.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AEO | |
|---|---|---|---|---|
| AEO | -11.8% | 54.0% | -0.03 | - |
| Sector ETF (XLY) | 6.7% | 23.8% | 0.24 | 47.5% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 44.8% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 0.6% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 5.8% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 33.6% |
| Bitcoin (BTCUSD) | 12.1% | 54.6% | 0.42 | 16.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AEO | |
|---|---|---|---|---|
| AEO | 3.4% | 51.6% | 0.27 | - |
| Sector ETF (XLY) | 12.5% | 22.0% | 0.52 | 48.1% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 44.5% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | -5.1% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 11.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 37.1% |
| Bitcoin (BTCUSD) | 63.9% | 66.9% | 1.03 | 11.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/28/2026 | -11.8% | -7.0% | |
| 3/4/2026 | -13.9% | -19.1% | -25.0% |
| 12/2/2025 | 15.1% | 14.8% | 28.9% |
| 9/3/2025 | 38.0% | 41.3% | 24.4% |
| 5/29/2025 | -2.0% | -9.3% | -14.0% |
| 3/12/2025 | -4.1% | 4.0% | -6.7% |
| 12/4/2024 | -14.3% | -14.1% | -16.2% |
| 8/29/2024 | -4.2% | -11.3% | 1.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 10 |
| # Negative | 16 | 16 | 14 |
| Median Positive | 3.1% | 8.3% | 9.6% |
| Median Negative | -5.4% | -9.6% | -13.3% |
| Max Positive | 38.0% | 41.3% | 28.9% |
| Max Negative | -14.3% | -19.1% | -25.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/03/2026 | 10-Q |
| 01/31/2026 | 03/30/2026 | 10-K |
| 10/31/2025 | 12/09/2025 | 10-Q |
| 07/31/2025 | 09/09/2025 | 10-Q |
| 04/30/2025 | 06/05/2025 | 10-Q |
| 01/31/2025 | 03/20/2025 | 10-K |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 03/15/2024 | 10-K |
| 10/31/2023 | 11/21/2023 | 10-Q |
| 07/31/2023 | 09/06/2023 | 10-Q |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 03/13/2023 | 10-K |
| 10/31/2022 | 11/23/2022 | 10-Q |
| 07/31/2022 | 09/07/2022 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Operating Income | 45.00 Mil | 47.50 Mil | 50.00 Mil | ||||
| Q2 2026 Depreciation and Amortization | 50.00 Mil | ||||||
| 2026 Capital Expenditures | 250.00 Mil | 255.00 Mil | 260.00 Mil | 0 | Affirmed | Guidance: 255.00 Mil for 2026 | |
| 2026 Operating Income | 390.00 Mil | 400.00 Mil | 410.00 Mil | 0 | Affirmed | Guidance: 400.00 Mil for 2026 | |
| 2026 Depreciation and Amortization | 220.00 Mil | ||||||
Prior: Q4 2025 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Comparable Sales | |||||||
| Q1 2026 Operating Income | 20.00 Mil | 22.50 Mil | 25.00 Mil | ||||
| 2026 Comparable Sales | |||||||
| 2026 Operating Income | 390.00 Mil | 400.00 Mil | 410.00 Mil | 30.9% | Raised | Guidance: 305.50 Mil for 2025 | |
| 2026 Capital Expenditures | 250.00 Mil | 255.00 Mil | 260.00 Mil | -7.3% | Lowered | Guidance: 275.00 Mil for 2025 | |
Insider Activity
Updated 4/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McMillan, Cary D | Direct | Sell | 4072026 | 17.23 | 2,887 | Form | |||
| 2 | Spiegel, Noel Joseph | Direct | Sell | 4072026 | 17.32 | 2,887 | Form | |||
| 3 | Schottenstein, Jay L | Exec Chairman & CEO | Trusts | Sell | 1222026 | 26.23 | 21,236 | 556,935 | 167,505,331 | Form |
| 4 | Schottenstein, Jay L | Exec Chairman & CEO | Trusts | Sell | 1222026 | 25.83 | 527,343 | 13,621,270 | 165,524,607 | Form |
| 5 | Schottenstein, Jay L | Exec Chairman & CEO | Trusts | Sell | 1222026 | 25.27 | 500,000 | 12,635,000 | 175,261,955 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel Retail Resources |
| Apparel News |
| Just Style |
| Sourcing Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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