BlackRock Amends AEO Stake: Passive Investment Update

Ticker: AEO · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock just updated its American Eagle Outfitters stake, signaling a passive investment change.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of American Eagle Outfitters Inc. common stock as of December 31, 2023. This filing, Amendment No. 15, shows BlackRock's updated passive investment position in the retail company. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in sentiment or strategy towards American Eagle Outfitters, potentially influencing other investors.

Why It Matters

This filing updates BlackRock's passive ownership in American Eagle Outfitters, providing transparency on a significant institutional investor's position, which can influence market perception.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note BlackRock's continued passive interest in American Eagle Outfitters, but this routine update doesn't suggest an immediate need for action. It's a data point for understanding institutional ownership.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 15.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., a major institutional investment manager.

Which company's securities are the subject of this filing?

The subject company is AMERICAN EAGLE OUTFITTERS INC, identified by the CUSIP Number 02553E106.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event which requires the filing of this statement was December 31, 2023.

Under which rule is this Schedule 13G/A filed?

This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.

From the Filing

0001086364-24-001091.txt : 20240122 0001086364-24-001091.hdr.sgml : 20240122 20240122155212 ACCESSION NUMBER: 0001086364-24-001091 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EAGLE OUTFITTERS INC CENTRAL INDEX KEY: 0000919012 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 132721761 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49559 FILM NUMBER: 24548729 BUSINESS ADDRESS: STREET 1: 77 HOT METAL STREET CITY: PITTSBURGH STATE: PA ZIP: 15203 BUSINESS PHONE: 4124323300 MAIL ADDRESS: STREET 1: 77 HOT METAL STREET CITY: PITTSBURGH STATE: PA ZIP: 15203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us02553e1064_012224.txt us02553e1064_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15) AMERICAN EAGLE OUTFITTERS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 02553E106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 02553E106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 28375912 (6) Shared voting power 0 (7) Sole dispositive power 29170014 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 29170014 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 14.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- AMERICAN EAGLE OUTFITTERS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 77 HOT METAL STREET PITTSBURGH PA 15203 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -

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