American Eagle to buy back 7M shares |
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Wed, 07 Mar 2007 00:15
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WARRENDALE, Pa. (AP) - Clothing retailer American Eagle Outfitters Inc. said Tuesday it plans to repurchase an additional 7 million shares of stock under its current buyback program.During the fourth quarter, American Eagle completed the repurchase of 2.3 million shares available under previous authorizations. In fiscal 2006, the company repurchased a total of 5.3 million shares.The company had about 223 million shares outstanding as of Nov. 24, 2006.American Eagle operates under the brands American Eagle Outfitters, which targets 15 to 25 year-olds, and Martin + Osa, which sells sportswear for 25 to 40 year-olds.American Eagle stock fell one cent in after-hours trading to $29.82 after rising 96 cents, or 3.3 percent, to close at $29.83 on the Nasdaq Stock Market.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Eagle Hospitality gets buyout offer 