FMR LLC & Abigail Johnson Disclose 14.896% Stake in AEO

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

From the Filing

0000315066-24-001031.txt : 20240209 0000315066-24-001031.hdr.sgml : 20240209 20240209083557 ACCESSION NUMBER: 0000315066-24-001031 CONFORMED SUBMISSION TYPE: SC 13G/A 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49559 FILM NUMBER: 24611389 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 AMERICAN EAGLE OUTFITTERS INC COMMON STOCK Cusip #02553E106 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) Cusip #02553E106 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 27,753,972 Item 6: 0 Item 7: 29,426,830 Item 8: 0 Item 9: 29,426,830 Item 11: 14.896% Item 12: HC Cusip #02553E106 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 29,426,830 Item 8: 0 Item 9: 29,426,830 Item 11: 14.896% Item 12: IN 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 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 02553E106 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 29,426,830 (b) Percent of Class: 14.896% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 29,426,830 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of AMERICAN EAGLE OUTFITTERS INC. The interest of Fidelity Blue Chip Growth Fund, in the COMMON STOCK of AMERICAN EAGLE OUTFITTERS INC, amounted to 10,857,127 shares or 5.496% of the total outstanding COMMON STOCK at December 29, 2023. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. C