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Non-Tech : American Eagle Outfitters
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To: Ron Kline who wrote (280)1/21/2000 12:15:00 PM
From: Platter  Read Replies (1) of 325
 
Bear Stearns Announces Investment Opinion on American Eagle Outfitters, Inc.
NEW YORK--(BUSINESS WIRE)--Jan. 19, 2000--Bear Stearns vice-president and specialty retail analyst, Brian Tunick initiated coverage of American Eagle Outfitters, Inc. (NASDAQ:AEOS - news) on Wednesday with an attractive rating. Tunick characterized the company as, ``a powerful growth story trading at a very attractive valuation.'

American Eagle Outfitters should benefit from a number of key points, according to Tunick:

A Hot Brand - Similar to Abercrombie & Fitch and Victoria's Secret, American Eagle outfitters has created a dominant lifestyle brand.
Great Demographics - The company appeals to the market sector known as Generation Y. The group is made up of 56 million boys and girls between the ages of 10 and 24 and is growing at a rapid rate.
Growth Potential - American Eagle Outfitters is aiming for 20% new store growth a year, which should drive increased sales.
On-Line Strategy - The Company should also benefit from a new e-commerce site and catalog.
Tunick's EPS estimates are $1.80 for fiscal 1999 (ending January 2000), $2.23 for fiscal 2000 and $2.76 for fiscal 2001. The Bear Stearns analyst has placed a 12-month price target on the stock of $52.00.
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