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Stock Market & Financial Investment News

News Breaks
September 9, 2013
17:15 EDTAEOAmerican Eagle to close distribution center, take $13M-$15M charge
American Eagle disclosed in a regulatory filing that on September 5, the company announced its plans to close its Warrendale, PA distribution center and transfer the operations to its new Hazelton, PA facility. The Hazelton facility is under construction and is expected to open in 2Q14. The transition of store distribution operations from Warrendale to Hazelton is scheduled to begin in early 2015 and is anticipated to be completed by July 2015. In connection with the decision, the company expects to incur after-tax charges of $13M-$15M, which will primarily be incurred in Q3. These charges are comprised of the following after-tax amounts: $2M-$3M of severance and employee related costs; $11M-$12M of non-cash asset impairment charges. The company says the pre-tax cash outflow for severance and employee related costs are estimated to be $4M-$5M to be paid in FY15.
News For AEO From The Last 14 Days
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May 4, 2015
10:08 EDTAEOHigh option volume stocks
High option volume stocks: HIL AEO HCI EWU WHZ SFUN GNC ON CYTR JBHT
10:00 EDTAEOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at RBC Capital... American Eagle (AEO) initiated with an Outperform at RBC Capital... Ann Inc. (ANN) initiated with a Sector Perform at RBC Capital... Ascena Retail (ASNA) initiated with a Sector Perform at RBC Capital... CONMED (CNMD) initiated with a Buy at Deutsche Bank... Carbylan Therapeutics (CBYL) initiated with an Outperform at Leerink... Chico's (CHS) initiated with an Outperform at RBC Capital... Energous (WATT) initiated with a Buy at Ascendiant... Gap (GPS) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with an Outperform at Cowen... Inter Parfums (IPAR) initiated with a Buy at BWS Financial... Kenon (KEN) initiated with a Hold at Deutsche Bank... L Brands (LB) initiated with a Sector Perform at RBC Capital... LogMeln (LOGM) initiated with a Sector Weight at KeyBanc... Orchids Paper (TIS) initiated with an Outperform at Oppenheimer... Urban Outfitters (URBN) initiated with an Outperform at RBC Capital... lululemon (LULU) initiated with an Outperform at RBC Capital.
06:25 EDTAEOAmerican Eagle initiated with an Outperform at RBC Capital
Target $20.
April 27, 2015
08:20 EDTAEOAmerican Eagle estimates raised on strong execution, says Susquehanna
Susquehanna raised its earnings estimates on American Eagle based on its continued strong product execution and reduced promotional activity, stringent inventory control, and leverage of omni-channel capabilities. Susquehanna reiterated its Positive rating and raised its price target to $21 from $20 on American Eagle shares.
April 22, 2015
11:08 EDTAEOOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV

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