CHICAGO, Sept. 19, 2012 /PRNewswire/ -- Zacks Equity Research highlights American Eagle Outfitters (AEO) as the Bull of the Day.

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Full analysis American Eagle Outfitters (AEO)  is available at http://at.zacks.com/?id=10492.

Here is a synopsis of American Eagle Outfitters (AEO):

Bull of the Day - American Eagle Outfitters (AEO):

Driven by strong top-line growth coupled with lower input and operating costs, American Eagle Outfitters (AEO) earnings of $0.21 per share for second-quarter 2012 surged nearly 62% from the year-ago period, and came in line with the Zacks Consensus Estimate. In the quarter, American Eagle Outfitters adjusted net sales went up 11% year over year to $739.7 million, beating the Zacks Consensus Estimate of $738 million.

Bolstered by a strong quarterly performance, American Eagle Outfitters  management raised its fiscal 2012 earnings guidance range to $1.33-$1.36 per share from $1.16-$1.22 forecasted earlier. Further, we remain impressed with the American Eagle Outfitters continued momentum in denim along with improved merchandise assortments in the women's business segment, which will likely augment its top-line performance and enhance gross margin.

Moreover, we believe American Eagle Outfitters (AEO) cost-saving initiatives and long-term growth strategy will not only provide financial flexibility, but will also help to drive value. Our target price of $26.00, based on 19.1x 2012 EPS, reflects this view.

Get the full analysis of American Eagle Outfitters (AEO) and other stocks by going to http://at.zacks.com/?id=10492.

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