08:54 AM EDT, 03/17/2025 (MT Newswires) -- American Eagle Outfitters ( AEO ) said Monday it entered into an accelerated share repurchase agreement with Bank of America ( BAC ) to repurchase $200 million of its common stock.

Based on Friday's closing price, the company said it would purchase about 18.1 million shares, representing roughly 9.5% of its diluted outstanding stock.

The accelerated share repurchase is part of the company's existing share repurchase authorization of 68.5 million shares, it added.