Institutional investors purchased a net $5.4 million shares of AEO during the quarter ended January 2013. This may signal that the smart money is gaining interest in this company as the 82.29% of shares outstanding that institutional investors hold is actually below the Apparel/Footwear Retail industry average.
| Mutual fund holders | 41.66% |
| Other institutional | 40.63% |
| Individual stakeholders | 15.53% |