American Eagle Outfitters Target of Unusually High Options Trading (AEO)

American Eagle Outfitters (NYSE:AEO) was the target of unusually large options trading activity on Monday. Investors bought 9,472 put options on the stock. This is an increase of approximately 1,312% compared to the typical daily volume of 671 put options.

Shares of American Eagle Outfitters (NYSE AEO) traded up $0.62 during trading hours on Wednesday, reaching $18.27. 2,740,700 shares of the company traded hands, compared to its average volume of 3,920,555. The stock has a market capitalization of $3,085.16, a PE ratio of 19.86, a P/E/G ratio of 2.33 and a beta of 1.14. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.48.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. American Eagle Outfitters’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. analysts anticipate that American Eagle Outfitters will post 1.16 EPS for the current year.

Several equities analysts have recently weighed in on AEO shares. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. B. Riley reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, November 1st. Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Finally, Cowen reiterated an “outperform” rating and issued a $19.00 target price (up previously from $16.00) on shares of American Eagle Outfitters in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.79.

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC purchased a new position in American Eagle Outfitters in the 2nd quarter worth approximately $128,000. Cerebellum GP LLC purchased a new position in American Eagle Outfitters in the 4th quarter worth approximately $129,000. Advisor Group Inc. grew its stake in American Eagle Outfitters by 291.6% in the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after buying an additional 5,404 shares in the last quarter. Shelton Capital Management purchased a new position in American Eagle Outfitters in the 2nd quarter worth approximately $154,000. Finally, Cubist Systematic Strategies LLC purchased a new position in American Eagle Outfitters in the 3rd quarter worth approximately $160,000. 83.21% of the stock is owned by institutional investors and hedge funds.

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About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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