American Eagle Falls for Sixth Straight Day as Ex‑Dividend Date Approaches
Analysts keep neutral stances with a $17 price target after updating models following Q2 results.
Overview
- Morgan Stanley maintained an Equal Weight/Hold rating on September 18 and set a $17 price target after revising its financial models post‑Q2.
- BTIG’s Janine Stichter also issued a Hold rating the same day, reinforcing a neutral consensus on the shares.
- The stock fell 6.97% on Monday to $15.76, marking a sixth consecutive decline.
- Friday, October 10 is cited as the last day to own shares to receive the $0.125 quarterly dividend, payable on October 29.
- Recent coverage notes Q2 revenue of $1.28 billion, down 1% year over year, net income of $77 million roughly flat, and guidance for low single‑digit comparable sales growth in Q3 and Q4 with flat performance for the full year.