Dimensional Fund Advisors LP Sells 260,810 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Dimensional Fund Advisors LP trimmed its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,695,425 shares of the apparel retailer’s stock after selling 260,810 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Urban Outfitters worth $312,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in URBN. Jones Financial Companies Lllp raised its position 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 purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Urban Outfitters by 36.3% during 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 grew its stake in Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after acquiring an additional 1,125 shares during the period. Asset Management One Co. Ltd. increased its stake in 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 worth $95,000 after purchasing 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 during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $49.48 on Monday. The firm’s fifty day moving average price is $51.88 and its two-hundred day moving average price is $49.01. 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. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.63 billion. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,976 shares of company stock worth $2,421,213 in the last ninety days. 31.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Telsey Advisory Group boosted 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 report on Thursday, February 27th. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Citigroup dropped their target price on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $55.18.

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.