SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.5% Passive Stake in Abercrombie & Fitch Co.
Beneficial Ownership Statement
FMR LLC and its affiliate Abigail P. Johnson have filed an amended Schedule 13G, reporting a 10.5% beneficial ownership stake in Abercrombie & Fitch Co. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson have filed an Amendment No. 3 to Schedule 13G, disclosing their beneficial ownership of Class A Common Stock of Abercrombie & Fitch Co.
- As of December 31, 2024, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 5,290,376.01 shares.
- This ownership represents 10.5% of the Class A Common Stock outstanding.
- FMR LLC holds sole voting power over 4,790,935.90 shares and sole dispositive power over 5,290,376.01 shares.
- Abigail P. Johnson holds sole dispositive power over 5,290,376.01 shares, with no shared voting or dispositive power reported by either party.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Abercrombie & Fitch Co.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G Amendment No. 3) and does not contain information that would typically influence sentiment positively or negatively regarding the issuer's performance or outlook.
Industry Context
This filing is a routine disclosure of a significant passive investment stake by a major institutional investor in a publicly traded apparel retail company. It does not provide specific insights into Abercrombie & Fitch Co.'s operational performance or strategic direction, nor does it directly relate to broader industry trends beyond confirming continued institutional interest in the sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure (Reporting Entity) | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners (49% voting power) of Series B voting common shares of FMR LLC. They have a shareholders' voting agreement to vote all Series B shares in accordance with the majority vote, potentially forming a controlling group for FMR LLC under the Investment Company Act of 1940. | NA | This describes the internal control structure of FMR LLC, the reporting entity, rather than any changes or impacts on the corporate governance of Abercrombie & Fitch Co., the issuer. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake held by FMR LLC and Abigail P. Johnson in Abercrombie & Fitch Co.
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| December 31, 2024 | Date of event which requires filing of this statement (measurement date for ownership). |
| February 11, 2025 | Date of filing of the Schedule 13G Amendment No. 3. |
Keywords
Abercrombie & Fitch Co., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Retail, Apparel
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