Vanguard Maintains 11.9% Stake in Abercrombie & Fitch

Ticker: ANF · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Vanguard still owns 11.9% of Abercrombie & Fitch, signaling continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, updating its beneficial ownership in Abercrombie & Fitch Co. Class A Common Stock. As of December 29, 2023, Vanguard reported owning 6,039,418 shares, representing 11.9% of the company's outstanding shares. This filing indicates Vanguard's continued significant, but passive, stake in Abercrombie & Fitch, which is important for investors as large institutional holdings can provide stability and signal confidence in the company's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, Vanguard, continues to hold a substantial portion of Abercrombie & Fitch, which can influence stock stability and investor confidence.

Risk Assessment

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

Analyst Insight

Investors should note Vanguard's continued significant, passive ownership, which suggests institutional confidence in Abercrombie & Fitch without indicating any activist intentions. This provides a baseline of stability for the stock.

Key Numbers

6,039,418 — Shares Beneficially Owned (Represents the total number of Abercrombie & Fitch Class A shares held by The Vanguard Group.)
11.9% — Percentage of Class A Common Stock (Indicates the significant portion of the company owned by Vanguard, making them a major institutional shareholder.)
17 — Amendment Number (Shows this is the 17th amendment to Vanguard's Schedule 13G filing for Abercrombie & Fitch, indicating ongoing adjustments to their holdings.)
December 29, 2023 — Date of Event (The specific date on which Vanguard's ownership triggered the requirement for this updated filing.)

Key Players & Entities

The Vanguard Group (company) — reporting person and beneficial owner
Abercrombie & Fitch Co. Class A (company) — issuer of the securities
6,039,418 shares (dollar_amount) — total shares beneficially owned by Vanguard
11.9% (dollar_amount) — percentage of Class A Common Stock owned by Vanguard
December 29, 2023 (date) — date of event requiring the filing
February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

Vanguard will likely maintain a significant, passive stake in Abercrombie & Fitch for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment (Amendment No. 17) to a Schedule 13G, indicating an update to The Vanguard Group's beneficial ownership of Abercrombie & Fitch Co. Class A Common Stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing and what is their IRS Identification Number?

The reporting person is The Vanguard Group, and their IRS Identification Number is 23-1945930, as stated on the cover page of the filing.

How many shares of Abercrombie & Fitch Co. Class A Common Stock does The Vanguard Group beneficially own?

The Vanguard Group beneficially owns 6,039,418 shares of Abercrombie & Fitch Co. Class A Common Stock, as reported in Item 9 of the filing.

What percentage of Abercrombie & Fitch Co. Class A Common Stock does this ownership represent?

This ownership represents 11.9% of the Abercrombie & Fitch Co. Class A Common Stock, as detailed in Item 13 of the filing.

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 cover page of the Schedule 13G/A.

From the Filing

0001104659-24-020158.txt : 20240213 0001104659-24-020158.hdr.sgml : 20240213 20240213165554 ACCESSION NUMBER: 0001104659-24-020158 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: 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: 24627177 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: 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 tv0165-abercrombiefitchcocla.htm SCHEDULE 13G/A abercrombiefitchcoclassa SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 17)* Name of issuer:  Abercrombie & Fitch Co. Class A Title of Class of Securities:  Common Stock CUSIP Number:  002896207 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.:  002896207 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 63,495 7.  SOLE DISPOSITIVE POWER 5,896,261 8.  SHARED DISPOSITIVE POWER 116,837 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,013,098 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 11.93% 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: Abercrombie & Fitch Co. Class A Item 1(b) - Address of Issuer's Principal Executive Offices: 6301 Fitch Path New Albany, OH 43054-9269 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) - CUSIP Number 0028