Dimensional Fund Advisors LP Boosts Stake in Urban Outfitters, Inc. $URBN

Dimensional Fund Advisors LP boosted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 8.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,313,938 shares of the apparel retailer’s stock after acquiring an additional 338,622 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Urban Outfitters worth $273,274,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new stake in Urban Outfitters in the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its holdings in shares of Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 326 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 149 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Urban Outfitters by 90.3% in the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 205 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

URBN has been the topic of a number of recent research reports. Weiss Ratings raised shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Barclays dropped their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Morgan Stanley restated an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Monday, July 6th. JPMorgan Chase & Co. upped their target price on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.91.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $73.71 on Thursday. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The company has a market cap of $6.31 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.36 and a beta of 1.22. The business’s 50 day moving average price is $72.40 and its 200-day moving average price is $70.16.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $1.16 EPS. The business’s revenue was up 11.4% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 6.13 EPS for the current year.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This trade represents a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is owned by company insiders.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.