American Eagle Outfitters Sees Unusually High Options Volume (AEO)

American Eagle Outfitters, Inc. (NYSE:AEO) was the recipient of unusually large options trading activity on Friday. Traders bought 15,071 call options on the stock. This represents an increase of approximately 684% compared to the average daily volume of 1,922 call options.

Shares of American Eagle Outfitters (NYSE:AEO) traded up 0.87% during midday trading on Friday, hitting $11.58. 5,290,243 shares of the company traded hands. The stock has a market capitalization of $2.05 billion, a P/E ratio of 10.71 and a beta of 1.10. American Eagle Outfitters has a 12-month low of $10.56 and a 12-month high of $19.55. The stock’s 50-day moving average is $12.27 and its 200 day moving average is $14.32.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The firm had revenue of $761.80 million for the quarter, compared to the consensus estimate of $741.76 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that American Eagle Outfitters will post $1.10 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, July 5th. American Eagle Outfitters’s payout ratio is 46.30%.

AEO has been the subject of several recent analyst reports. Mizuho decreased their target price on shares of American Eagle Outfitters from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, March 1st. Jefferies Group LLC restated a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, March 1st. B. Riley restated a “buy” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a research report on Thursday, March 2nd. Bank of America Corporation lowered shares of American Eagle Outfitters from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $21.00 to $15.00 in a research note on Thursday, March 2nd. Finally, FBR & Co reduced their price target on shares of American Eagle Outfitters from $17.00 to $15.00 and set a “mkt perform” rating for the company in a research note on Thursday, March 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $16.11.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. BlackRock Inc. raised its position in American Eagle Outfitters by 8,781.1% in the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after buying an additional 17,572,904 shares during the last quarter. Oak Ridge Investments LLC bought a new position in shares of American Eagle Outfitters during the third quarter worth $60,841,000. Hamlin Capital Management LLC raised its position in shares of American Eagle Outfitters by 221.5% in the first quarter. Hamlin Capital Management LLC now owns 4,280,730 shares of the apparel retailer’s stock worth $60,059,000 after buying an additional 2,949,165 shares during the last quarter. RidgeWorth Capital Management LLC bought a new position in shares of American Eagle Outfitters during the first quarter worth $29,610,000. Finally, Norges Bank bought a new position in shares of American Eagle Outfitters during the fourth quarter worth $25,213,000. 90.57% of the stock is currently owned by institutional investors and hedge funds.

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About American Eagle Outfitters

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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