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

Posted by Defense World Staff on Aug 5th, 2023

American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) was the recipient of some unusual options trading activity on Friday. Traders bought 7,678 call options on the company. This represents an increase of 99% compared to the typical daily volume of 3,854 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at about $27,000. Belpointe Asset Management LLC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $29,000. Canada Pension Plan Investment Board bought a new stake in shares of American Eagle Outfitters in the 1st quarter worth approximately $37,000. Quarry LP bought a new stake in shares of American Eagle Outfitters in the 1st quarter worth approximately $38,000. Finally, Headlands Technologies LLC bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth approximately $44,000. Institutional investors own 86.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America lowered their target price on shares of American Eagle Outfitters from $14.00 to $9.00 in a research note on Thursday, May 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of American Eagle Outfitters from $17.00 to $14.00 in a research report on Thursday, May 25th. JPMorgan Chase & Co. boosted their target price on shares of American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. Citigroup decreased their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a research note on Thursday, May 18th. Finally, Telsey Advisory Group boosted their target price on shares of American Eagle Outfitters from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.92.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $15.23 on Friday. The business’s 50-day moving average price is $12.29 and its 200-day moving average price is $13.37. American Eagle Outfitters has a 12 month low of $9.46 and a 12 month high of $17.09. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 3.08 and a beta of 1.56. The company has a current ratio of 1.58, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02.

American Eagle Outfitters (NYSE:AEO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 24th. The apparel retailer reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. American Eagle Outfitters had a return on equity of 12.89% and a net margin of 2.23%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that American Eagle Outfitters will post 1.01 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.63%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 72.73%.

About American Eagle Outfitters

(Get Free Report)

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