Stock Traders Buy Large Volume of Put Options on American Eagle Outfitters (AEO)
Shares of American Eagle Outfitters (NYSE:AEO) saw unusually large options trading on Monday. Stock investors purchased 5,003 put options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 126% compared to the typical volume of 2,217 put options.
A number of analysts have recently weighed in on AEO shares. Analysts at Wunderlich initiated coverage on shares of American Eagle Outfitters in a research note on Tuesday, August 12th. They set a “hold” rating and a $11.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of American Eagle Outfitters from $11.49 to $17.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of American Eagle Outfitters in a research note on Friday, June 20th. They set an “equal weight” rating and a $12.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.96.
American Eagle Outfitters (NYSE:AEO) traded up 3.92% during mid-day trading on Monday, hitting $11.14. 7,168,193 shares of the company’s stock traded hands. American Eagle Outfitters has a one year low of $10.12 and a one year high of $16.95. The stock’s 50-day moving average is $10.83 and its 200-day moving average is $11.89. The company has a market cap of $2.166 billion and a P/E ratio of 35.15.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.