Urban Outfitters, Inc. (NASDAQ:URBN) Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,695,425 shares of the apparel retailer’s stock after selling 260,810 shares during the quarter. Dimensional Fund Advisors LP owned 6.17% of Urban Outfitters worth $312,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URBN. Jones Financial Companies Lllp lifted its stake in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after buying an additional 1,125 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after acquiring an additional 470 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after acquiring an additional 250 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Up 3.7 %

Shares of NASDAQ URBN opened at $49.48 on Monday. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The company has a market cap of $4.58 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.02 and a beta of 1.37. The business’s 50 day moving average is $51.88 and its two-hundred day moving average is $49.01.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on URBN shares. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Telsey Advisory Group increased their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company increased their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.18.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,976 shares of company stock worth $2,421,213 over the last three months. Company insiders own 31.80% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.