FMR LLC & Abigail Johnson Disclose 14.896% Stake in AEO
Ticker: AEO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 919012
| Field | Detail |
|---|---|
| Company | American Eagle Outfitters Inc (AEO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, retail, stake-disclosure
TL;DR
**FMR LLC and Abigail Johnson now own 14.896% of American Eagle, a notable institutional stake.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their holdings in American Eagle Outfitters Inc. As of February 9, 2024, they collectively beneficially own 29,426,830 shares of common stock, representing 14.896% of the company. This is an amendment to a previous filing, indicating a change in their ownership stake, which is important for investors as large institutional holdings can influence stock stability and market perception.
Why It Matters
Large institutional ownership by firms like FMR LLC can signal confidence in a company's future, potentially stabilizing the stock price and attracting other investors. A significant change in such a stake could influence market sentiment for American Eagle Outfitters Inc.
Risk Assessment
Risk Level: low — This filing indicates a significant, stable institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC and Abigail P. Johnson in American Eagle Outfitters Inc., which can be a sign of long-term confidence. While this filing doesn't indicate a new investment, it confirms a substantial existing stake, suggesting stability. Monitor future filings for any significant changes in this position.
Key Numbers
- 29,426,830 — Shares Beneficially Owned (Total common stock shares of American Eagle Outfitters Inc. held by FMR LLC and Abigail P. Johnson.)
- 14.896% — Percent of Class (The percentage of American Eagle Outfitters Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- AMERICAN EAGLE OUTFITTERS INC (company) — issuer of the securities
- 29,426,830 (dollar_amount) — total shares beneficially owned
- 14.896% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in American Eagle Outfitters Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who filed this SC 13G/A amendment regarding American Eagle Outfitters Inc.?
This SC 13G/A amendment was filed by FMR LLC and Abigail P. Johnson, as indicated in Item 1 of the filing for each reporting person.
What is the total number of American Eagle Outfitters Inc. common shares beneficially owned by the reporting persons?
The reporting persons, FMR LLC and Abigail P. Johnson, beneficially own a total of 29,426,830 shares of AMERICAN EAGLE OUTFITTERS INC common stock, as stated in Item 4(a) and Item 9 for both reporting persons.
What percentage of American Eagle Outfitters Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 14.896% of the class of AMERICAN EAGLE OUTFITTERS INC common stock, as detailed in Item 4(b) and Item 11 for both reporting persons.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and in Item 3 of the filing.
What is the CUSIP number for American Eagle Outfitters Inc. common stock mentioned in the filing?
The CUSIP number for AMERICAN EAGLE OUTFITTERS INC common stock is 02553E106, as stated on the cover page and in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding AMERICAN EAGLE OUTFITTERS INC (AEO).