Vanguard Holds 11.2% Stake in American Eagle Outfitters

TL;DR

**Vanguard still owns 11.2% of American Eagle, showing strong institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its beneficial ownership of American Eagle Outfitters Inc. common stock as of December 29, 2023. Vanguard reported holding 20,404,775 shares, representing 11.2% of the company's outstanding common stock. This filing shows Vanguard remains a significant institutional investor, which can provide stability and confidence for current and potential shareholders.

Why It Matters

This filing confirms Vanguard's continued substantial investment in American Eagle Outfitters, signaling their long-term confidence in the company's performance and stability.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

A smart investor would view Vanguard's continued substantial stake as a positive signal, suggesting long-term institutional confidence in American Eagle Outfitters, and might consider this a factor in their own investment decision.

Key Numbers

• 20,404,775 — Shares Beneficially Owned (Represents the total number of American Eagle Outfitters common shares Vanguard holds.)
• 11.2% — Percentage of Class (Indicates Vanguard's significant ownership stake in American Eagle Outfitters.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and beneficial owner
• American Eagle Outfitters Inc. (company) — subject company, issuer of common stock
• 20,404,775 (dollar_amount) — number of shares beneficially owned by Vanguard
• 11.2% (dollar_amount) — percentage of American Eagle Outfitters common stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant ownership stake in American Eagle Outfitters Inc. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

From the Filing

0001104659-24-020252.txt : 20240213 0001104659-24-020252.hdr.sgml : 20240213 20240213165849 ACCESSION NUMBER: 0001104659-24-020252 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24627345 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0255-americaneagleoutfitte.htm SCHEDULE 13G/A americaneagleoutfittersinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  American Eagle Outfitters Inc Title of Class of Securities:  Common Stock CUSIP Number:  02553E106 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  02553E106 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 168,441 7.  SOLE DISPOSITIVE POWER 20,108,978 8.  SHARED DISPOSITIVE POWER 368,964 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,477,942 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.37% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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 15203-2329 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CU