FMR LLC & Abigail Johnson Hold 13.75% Stake in Abercrombie & Fitch

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

From the Filing

0000315066-24-001004.txt : 20240209 0000315066-24-001004.hdr.sgml : 20240209 20240209083554 ACCESSION NUMBER: 0000315066-24-001004 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: ABERCROMBIE & FITCH CO /DE/ CENTRAL INDEX KEY: 0001018840 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 311469076 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47045 FILM NUMBER: 24611353 BUSINESS ADDRESS: STREET 1: 6301 FITCH PATH CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 6142836500 MAIL ADDRESS: STREET 1: 6301 FITCH PATH CITY: NEW ALBANY STATE: OH ZIP: 43054 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.1 ABERCROMBIE & FITCH CO CLASS A COMMON STOCK Cusip #002896207 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 #002896207 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 6,549,032 Item 6: 0 Item 7: 6,931,246 Item 8: 0 Item 9: 6,931,246 Item 11: 13.750% Item 12: HC Cusip #002896207 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: 6,931,246 Item 8: 0 Item 9: 6,931,246 Item 11: 13.750% Item 12: IN Item 1(a). Name of Issuer: ABERCROMBIE & FITCH CO Item 1(b). Address of Issuer's Principal Executive Offices: 6301 Fitch Path New Albany, OH 43054 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: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 002896207 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: 6,931,246 (b) Percent of Class: 13.750% (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: 6,931,246 (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 CLASS A COMMON STOCK of ABERCROMBIE & FITCH CO. The interest of Fidelity Blue Chip Growth Fund, in the CLASS A COMMON STOCK of ABERCROMBIE & FITCH CO, amounted to 2,596,238 shares or 5.150% of the total outstanding CLASS A 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. Certificati