American Eagle Outfitters Inc
American Eagle Outfitters shares plunge as retailer lowers forecast
A view of an American Eagle Outfitters store in Arlington, Virginia. Erin Scott | Reuters Shares of American Eagle Outfitters dropped Wednesday in after-hours trading, as the company lowered its full-year outlook. The company cut its forecast, even as it matched Wall Street’s quarterly earnings expectations and beat revenue expectations. The mall retailer said it […]
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Stocks making the biggest moves soon after hours: Nvidia, Snowflake, American Eagle Outfitters and additional
In this report ELF GES AEO SNOW NVDA Adhere to your favorite stocksGenerate Free ACCOUNT The brand of NVIDIA as seen at its company headquarters in Santa Clara, California, in May possibly of 2022. Nvidia | by way of Reuters Examine out the businesses creating headlines right after hrs. Nvidia — Nvidia shares surged 19% […]
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Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
A Target department store in North Miami Beach, Florida, May 17, 2023. Joe Raedle | Getty Images More grocery purchases, fewer ambitious do-it-yourself projects and last-minute splurges at the store. This week, some of the biggest retailers in the country reported earnings and described how their customers are shopping. As Home Depot, Target and Walmart […]
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These retailers are most at risk for a margin squeeze this earnings season thanks to cautious consumers, heavy promotions
Shoppers are at the Citadel Outlets in Los Angeles. Jonathan Alcorn | Reuters Affordability is the number one concern for consumers globally, new data released Tuesday by EY shows. The price worries could suggest trouble for retailers that are relying on promotions to win over cost-conscious customers. Those companies could see their margins under pressure […]
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Teens push $67 billion in shelling out. This is where by they are placing their revenue, and why it can be lousy information for some shares
Teens are predicted to push about $67 billion in spending in the U.S. this yr, and their still-forming preferences and choices will established the phase for foreseeable future shopping behavior as their cash flow grows. For that reason, Piper Sandler has been examining in with teens two times a yr for additional than two a […]
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Shares creating the most significant moves right after several hours: Silvergate Funds, Salesforce, Snowflake, Okta and far more
In this post PLUG SPLK CELH BOX PSTG AEO OKTA SNOW CRM Abide by your favored sharesBuild Totally free ACCOUNT Pedestrians in the vicinity of Salesforce Tower in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Photos Examine out the firms creating headlines immediately after the bell: Salesforce — […]
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Stocks making the biggest moves midday: Roblox, Airbnb, Barclays, Silvergate Capital & more
In this article SI BBWI BCS ABNB RBLX Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday Wednesday: Roblox — Shares of the video game company skyrocketed more than 24% after the company reported $899.4 million in fourth-quarter bookings, […]
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Stocks making the biggest moves premarket: Kraft Heinz, Paramount, Airbnb, Tripadvisor and more
In this article DVN ABNB GNRC ADI PARA AEO KHC FDS BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines before the bell. Devon Energy — Shares fell 6.4% after the energy company reported fourth-quarter earnings and revenue that both came in under the […]
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Jefferies downgrades American Eagle Outfitters, sees the apparel stock struggling in a recession
American Eagle Outfitters could be in trouble going forward, according to Jefferies. Analyst Randal J. Konik downgraded the retailer to hold from buy. The analyst sees the stock underperforming in a likely recession and resulting slowdown in consumer spending. He also lowered his price target to $16 from $18. The new target is just below […]
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Bank of America downgrades Levi Strauss, says upside is hard to see with discounts and sliding denim demand
Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss , Bank of America said Wednesday. Analyst Christopher Nardone downgraded the clothing stock to neutral from buy. Nardone also cut his price target by $2 to $17, which reflects a 4% upside from Tuesday’s close. “While […]
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