American Eagle Outfitters Sees Unusually High Options Volume (AEO)

American Eagle Outfitters (NYSE:AEO) was the target of some unusual options trading activity on Monday. Stock traders acquired 9,472 put options on the company. This is an increase of 1,312% compared to the average daily volume of 671 put options.

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. Sterling Capital Management LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $128,000. Cerebellum GP LLC purchased a new position in shares of American Eagle Outfitters in the fourth quarter worth approximately $129,000. Advisor Group Inc. increased its position in shares of American Eagle Outfitters by 291.6% in the fourth quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after acquiring an additional 5,404 shares in the last quarter. Shelton Capital Management purchased a new position in shares of American Eagle Outfitters in the second quarter worth approximately $154,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of American Eagle Outfitters in the third quarter worth approximately $160,000. 83.21% of the stock is owned by institutional investors and hedge funds.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.62 during mid-day trading on Wednesday, reaching $18.27. 2,734,175 shares of the company’s stock traded hands, compared to its average volume of 3,916,375. The firm has a market cap of $3,085.16, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.33 and a beta of 1.14. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.48.

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

A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group raised their price target on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. BMO Capital Markets set a $21.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, December 19th. Cowen set a $20.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, January 18th. SunTrust Banks reaffirmed a “buy” rating and set a $21.00 price target on shares of American Eagle Outfitters in a report on Tuesday, January 9th. Finally, Buckingham Research raised shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $15.79.

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American Eagle Outfitters Company Profile

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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