Traders Purchase High Volume of Call Options on American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) saw unusually large options trading on Tuesday. Traders acquired 7,451 call options on the company. This is an increase of 19% compared to the average daily volume of 6,254 call options.

American Eagle Outfitters Trading Up 17.8 %

American Eagle Outfitters stock traded up $2.32 during trading on Tuesday, reaching $15.32. The company had a trading volume of 397,115 shares, compared to its average volume of 5,031,431. American Eagle Outfitters has a 12-month low of $9.46 and a 12-month high of $29.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.68 and a current ratio of 1.64. The stock’s 50 day moving average price is $10.89 and its two-hundred day moving average price is $11.80. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.71 and a beta of 1.34.

American Eagle Outfitters (NYSE:AEOGet Rating) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.19. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a return on equity of 19.05% and a net margin of 3.81%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, equities analysts expect that American Eagle Outfitters will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of American Eagle Outfitters from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, September 9th. UBS Group reduced their price objective on shares of American Eagle Outfitters to $16.00 in a research report on Tuesday, August 30th. Cowen cut their target price on American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a research note on Thursday, September 8th. JPMorgan Chase & Co. upped their price objective on American Eagle Outfitters from $12.00 to $13.00 in a report on Friday, September 16th. Finally, Citigroup reduced their target price on American Eagle Outfitters from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.77.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AEO. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at about $348,000. Cooke & Bieler LP grew its holdings in American Eagle Outfitters by 10.1% during the 3rd quarter. Cooke & Bieler LP now owns 8,399,160 shares of the apparel retailer’s stock valued at $81,724,000 after purchasing an additional 771,320 shares in the last quarter. Verity Asset Management Inc. purchased a new position in American Eagle Outfitters in the 3rd quarter valued at about $232,000. State Street Corp raised its position in shares of American Eagle Outfitters by 9.5% in the 3rd quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock valued at $55,829,000 after purchasing an additional 499,560 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of American Eagle Outfitters by 303.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 162,855 shares of the apparel retailer’s stock valued at $1,585,000 after acquiring an additional 122,444 shares during the last quarter.

About American Eagle Outfitters

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American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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