FMR LLC & Abigail Johnson Hold 13.75% Stake in Abercrombie & Fitch
Ticker: ANF · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1018840
| Field | Detail |
|---|---|
| Company | Abercrombie & Fitch Co /De/ (ANF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: ANF
TL;DR
**FMR LLC and Abigail Johnson still own 13.75% of Abercrombie & Fitch, a big institutional vote of confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Abercrombie & Fitch Co. (ANF) Class A Common Stock. As of February 9, 2024, they collectively beneficially own 6,931,246 shares, representing 13.750% of the company's outstanding stock. This filing indicates a significant, albeit slightly reduced, passive investment by a major institutional holder, signaling continued confidence in ANF's long-term prospects.
Why It Matters
This filing shows that a large, influential institutional investor and its leader maintain a substantial position in Abercrombie & Fitch, which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This is an amendment to a passive filing, indicating a stable, long-term institutional holding rather than an aggressive or activist position.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, suggesting a stable long-term outlook from a major player, but this filing itself doesn't indicate new buying or selling pressure.
Key Numbers
- 6,931,246 — Shares Beneficially Owned (Total Class A Common Stock shares owned by FMR LLC and Abigail P. Johnson in Abercrombie & Fitch Co.)
- 13.750% — Percent of Class (The percentage of Abercrombie & Fitch Co. Class A Common Stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 002896207 — CUSIP Number (Unique identifier for Abercrombie & Fitch Co. Class A Common Stock.)
- 20240209 — Filed As Of Date (The date this SC 13G/A amendment was filed with the SEC.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- ABERCROMBIE & FITCH CO /DE/ (company) — subject company (issuer)
- New Albany, OH (location) — Abercrombie & Fitch's principal executive offices
- Boston, MA (location) — FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Abercrombie & Fitch Co. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Abercrombie & Fitch Co. will continue to be a focus for institutional investors due to its market position. (ABERCROMBIE & FITCH CO /DE/) — medium confidence, target: 2024-12-31
FAQ
Who are the primary reporting persons in this SC 13G/A filing for Abercrombie & Fitch Co.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of Class A Common Stock shares of Abercrombie & Fitch Co. beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 6,931,246 shares of Class A Common Stock, as indicated in Item 7 and Item 4(a) of the filing.
What percentage of Abercrombie & Fitch Co.'s Class A Common Stock do the reporting persons collectively own?
The reporting persons collectively own 13.750% of the Class A Common Stock, as stated in Item 11 and Item 4(b) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and Item 3.
What is the CUSIP number for Abercrombie & Fitch Co. Class A Common Stock mentioned in this filing?
The CUSIP number for Abercrombie & Fitch Co. Class A Common Stock is 002896207, as listed on the cover page and Item 2(e).
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 ABERCROMBIE & FITCH CO /DE/ (ANF).