What Is the Stock Symbol for American Eagle?
American Eagle Outfitters shops are a familiar sight in shopping malls across the United States and Canada. It's a growth-oriented company and a worthwhile prospect for the investor seeking equity growth. To learn about the stock, you will need the stock symbol for American Eagle. This article outlines the company's operations and history along with the stock symbol. There are links under Resources for further information.
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Identification
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American Eagle Outfitters is a publicly owned retailer of apparel and related products headquartered in Pittsburgh, Pennsylvania. It is a subsidiary of parent company Retail Ventures, Inc. The stock is listed on the New York Stock Exchange under the symbol APO. Locate price quotes and financial information by using the stock symbol for American Eagle.
History
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The first American Eagle store opened its doors in 1977. Founded by Jerry and Mark Silverstein, the concept was to create a retail clothing outlet geared to teenagers and young adults. By 1991, when the Silvermans sold their interest in the company, there were 153 stores. The following year, American Eagle began to market its own brands and de-emphasized marketing those of other companies. In 1994 the company went public and was originally listed on NASDAQ but later moved to the NYSE. By 2000, American Eagle began to expand aggressively in Canada, acquiring Thrifty stores targeting teens and young adults. American Eagle Outfitters is the flagship chain, but the company has several others. Each is a "concept" brand targeting a clearly defined market. The largest of these is Aerie, an intimate apparel store for 15- to 25-year-old women. As the Internet became an important marketing venue, American Eagle developed strong online websites. In 2008, they introduced a new line, 77Kids, which, at that time, was an online brand only.
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Types
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The flagship American Eagle stores are a teen-to-young adult apparel store. Products are mostly marketed under house brands and include clothing, footwear, swimwear and accessories. Another concept store, MARTIN & OSA, targets 28- to 40-year-olds, especially with its "Refined Casual" brand clothing. Aerie markets "Dormwear" and intimate apparel for young women. All the concepts and brands are marketed online, along with the 77Kids clothing marketed for 2- to 12-year-olds.
Size
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Revenues for fiscal year 2007 totaled $3.055 billion with income of $400.2 million. The company reported an average revenue growth of 15.87 percent. As of 2008, there were 958 American Eagle Outfitters. The Aerie chain had 111 outlets and MARTIN & OSA 27.
Features
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As of 2008, American Eagle Outfitters did not offer a direct stock purchase plan, so you must place an order with your broker to purchase stock. As with any investment, research the company carefully before you put your money into it. Get the company's Annual Report and current sales and earnings information (these are available online). Review independent analyses from sources like the Wall Street Journal and financial information resources.
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