Stock Traders Purchase Large Volume of American Eagle Outfitters Call Options (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 15,934 call options on the stock. This represents an increase of approximately 73% compared to the typical volume of 9,209 call options.

Insider Activity at American Eagle Outfitters

In other news, Director Cary McMillan sold 3,617 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Noel Spiegel sold 3,617 shares of American Eagle Outfitters stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is currently owned by company insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in American Eagle Outfitters in the 2nd quarter valued at about $7,518,000. Bank of America Corp DE bought a new position in shares of American Eagle Outfitters in the second quarter valued at approximately $9,336,000. Man Group plc purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $5,316,000. NFJ Investment Group LLC purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $10,962,000. Finally, Nykredit A S bought a new stake in American Eagle Outfitters during the second quarter worth $33,253,000. Institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AEO shares. Bank of America started coverage on American Eagle Outfitters in a research report on Friday, August 14th. They issued an “underperform” rating and a $16.00 price objective for the company. Barclays cut their target price on American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 10th. BMO Capital Markets raised their target price on American Eagle Outfitters from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded American Eagle Outfitters from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, William Blair reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.55.

Check Out Our Latest Stock Report on AEO

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $20.12 on Friday. The firm’s 50-day moving average price is $17.09 and its 200-day moving average price is $18.50. American Eagle Outfitters has a 1-year low of $14.10 and a 1-year high of $28.46. The firm has a market capitalization of $3.37 billion, a P/E ratio of 10.26, a P/E/G ratio of 4.44 and a beta of 1.28. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO – Get Free Report) last issued its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, beating the consensus estimate of $0.22 by $0.57. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities research analysts anticipate that American Eagle Outfitters will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Friday, October 9th were issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, October 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 25.51%.

American Eagle Outfitters Company Profile

(Get Free Report)

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.

See Also

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.