5 Shopping Stocks to Buy in Holiday Season

2. American Eagle Outfitters, Inc. (NYSE:AEO)

Number of Hedge Fund Holders: 41     

As supply chain concerns overshadow the market, American Eagle Outfitters, Inc. (NYSE:AEO) recently announced that it had purchased Quiet Logistics for $350 million. The latter is a supply chain company that uses technology and robotics to deliver market fulfillment services. According to the management of the firm, the deal is just one part of a plan to overhaul the supply chain strategy of the company. 

American Eagle Outfitters, Inc. (NYSE:AEO) has an impressive dividend history and recently declared a quarterly dividend of $0.18 per share, in line with previous. The forward yield was 2.68%. It also beat market estimates on earnings in the second quarter. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in American Eagle Outfitters, Inc. (NYSE:AEO) with 17 million shares worth more than $666 million.