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

Key Points

• Dimensional Fund Advisors boosted its Urban Outfitters stake by 4.0% in Q3 to 3,675,936 shares—about 4.10% of the company—worth roughly $262.6 million.
• Urban Outfitters beat the quarter with $1.43 EPS vs. $1.24 expected and $1.80B in revenue (+10.1% YoY), but the Street consensus remains a "Hold" with a $86.25 price target.
• Insiders have been net sellers recently—522,850 shares (~$39.5M) sold in the last 90 days—though company insiders still own 31.6% of the stock.

Dimensional Fund Advisors LP raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,675,936 shares of the apparel retailer's stock after buying an additional 142,909 shares during the quarter. Dimensional Fund Advisors LP owned about 4.10% of Urban Outfitters worth $262,578,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Urban Outfitters in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $26,000. Global Retirement Partners LLC increased its stake in Urban Outfitters by 158.4% during the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Kilter Group LLC acquired a new position in Urban Outfitters during the 2nd quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Urban Outfitters by 125.1% in the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock worth $36,000 after buying an additional 274 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on URBN. Telsey Advisory Group reissued an "outperform" rating and set a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. Barclays raised their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an "overweight" rating in a research note on Friday, January 16th. Guggenheim started coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a "neutral" rating for the company. Citigroup boosted their price target on Urban Outfitters from $76.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company cut their price objective on Urban Outfitters from $80.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $86.25.

Insider Transactions at Urban Outfitters

In other news, insider Margaret Hayne sold 9,333 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $657,976.50. Following the sale, the insider owned 1,933,859 shares in the company, valued at $136,337,059.50. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $752,023.50. Following the sale, the chief executive officer directly owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 522,850 shares of company stock worth $39,467,864 in the last 90 days. Company insiders own 31.60% of the company's stock.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $64.06 on Friday. The stock has a market cap of $5.74 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The firm has a fifty day moving average price of $71.04 and a 200 day moving average price of $71.07. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.24 by $0.19. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Urban Outfitters Company 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.

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