Dimensional Fund Advisors LP Grows Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,600,911 shares of the apparel retailer's stock after acquiring an additional 125,147 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.11% of Urban Outfitters worth $235,590,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management boosted its stake in shares of Urban Outfitters by 3,700.0% during the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock valued at $41,000 after purchasing an additional 1,110 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Urban Outfitters during the third quarter valued at approximately $81,000. DekaBank Deutsche Girozentrale bought a new position in shares of Urban Outfitters during the third quarter valued at approximately $112,000. Headlands Technologies LLC bought a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $150,000. Finally, CI Investments Inc. bought a new position in shares of Urban Outfitters during the third quarter valued at approximately $159,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group raised their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, March 5th. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, February 28th. BMO Capital Markets raised their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 29th. Finally, StockNews.com downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $39.67.

Insider Activity

In other news, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the sale, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Melanie Marein-Efron sold 3,345 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the transaction, the chief financial officer now directly owns 6,908 shares in the company, valued at $291,724.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 2,878 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 over the last 90 days. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded up $0.37 during trading on Tuesday, hitting $41.99. 1,249,107 shares of the company's stock were exchanged, compared to its average volume of 1,679,996. Urban Outfitters, Inc. has a 52-week low of $26.45 and a 52-week high of $47.29. The business has a 50-day simple moving average of $40.83 and a 200-day simple moving average of $39.02. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.65 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.53 earnings per share for the current fiscal year.

Urban Outfitters Profile

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.