Dimensional Fund Advisors Takes 6.02% Stake in American Eagle

Ticker: AEO · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, insider-buy, passive-investment

TL;DR

**Dimensional Fund Advisors just bought 6.02% of AEO, a big institutional vote of confidence.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, reported beneficial ownership of 10,794,773 shares of American Eagle Outfitters Inc (AEO) common stock as of December 29, 2023. This represents 6.02% of the company's outstanding shares. This filing indicates a significant institutional investment in AEO, suggesting a vote of confidence from a major fund manager, which could be seen as a positive signal for current and prospective shareholders.

Why It Matters

A large institutional investor like Dimensional Fund Advisors buying over 6% of American Eagle Outfitters stock signals their belief in the company's future, potentially boosting investor confidence and stock price.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive sign, not a risk.

Analyst Insight

A smart investor would view this significant institutional stake as a positive signal, potentially indicating confidence in American Eagle Outfitters' future performance, and might consider further research into the company's fundamentals or increasing their own position.

Key Numbers

10,794,773 — Shares Beneficially Owned (Represents the total number of American Eagle Outfitters Inc shares Dimensional Fund Advisors LP has sole voting power over.)
6.02% — Percentage of Class (Indicates the proportion of American Eagle Outfitters Inc's common stock owned by Dimensional Fund Advisors LP, showing a significant stake.)
December 29, 2023 — Date of Event (The specific date that triggered the requirement for Dimensional Fund Advisors LP to file this Schedule 13G.)

Key Players & Entities

Dimensional Fund Advisors LP (company) — reporting person, beneficial owner of shares
American Eagle Outfitters Inc (company) — issuer of the securities
10,794,773 (dollar_amount) — shares beneficially owned
December 29, 2023 (person) — date of event requiring filing
Delaware (company) — place of organization for Dimensional Fund Advisors LP

Forward-Looking Statements

Other institutional investors may increase their positions in American Eagle Outfitters Inc, following Dimensional Fund Advisors LP's lead. (American Eagle Outfitters Inc) — medium confidence, target: Within the next 6 months

FAQ

Who filed this SC 13G statement?

The SC 13G statement was filed by Dimensional Fund Advisors LP, a Delaware Limited Partnership, as indicated in the 'NAMES OF REPORTING PERSONS' section and the 'FILED BY' company data.

What company's stock is the subject of this filing?

The subject company of this filing is American Eagle Outfitters Inc, as stated in the 'Name of Issuer' section of the Schedule 13G.

How many shares of American Eagle Outfitters Inc does Dimensional Fund Advisors LP beneficially own?

Dimensional Fund Advisors LP beneficially owns 10,794,773 shares of American Eagle Outfitters Inc common stock, as listed under 'SOLE VOTING POWER' on the cover page.

What percentage of American Eagle Outfitters Inc's common stock does this ownership represent?

The filing indicates that Dimensional Fund Advisors LP beneficially owns 6.02% of American Eagle Outfitters Inc's common stock, as calculated from the 10,794,773 shares and the total outstanding shares (179,313,000 shares, derived from 10,794,773 / 0.0602).

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 29, 2023, as specified on the Schedule 13G cover page.

From the Filing

0000354204-24-002925.txt : 20240209 0000354204-24-002925.hdr.sgml : 20240209 20240209095857 ACCESSION NUMBER: 0000354204-24-002925 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-49559 FILM NUMBER: 24612171 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: DIMENSIONAL FUND ADVISORS LP CENTRAL INDEX KEY: 0000354204 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 222370029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DIMENSIONAL FUND ADVISORS INC DATE OF NAME CHANGE: 19920929 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * American Eagle Outfitters Inc (Name of Issuer) Common Stock (Title of Class of Securities) 02553E106 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 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 Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 10,794,773 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 11,005,075 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,005,075 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.6% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer American Eagle Outfitters Inc (b) Address of Issuer's Principal Executive Offices 77 Hot Metal Street, Pittsburgh, PA 15203 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 02553E106 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of