Dimensional Fund Advisors LP Sells 152,875 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Dimensional Fund Advisors LP lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,060,765 shares of the apparel retailer’s stock after selling 152,875 shares during the quarter. Dimensional Fund Advisors LP owned about 6.49% of Urban Outfitters worth $248,805,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 417 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Urban Outfitters during the second quarter valued at approximately $48,000. Innealta Capital LLC bought a new stake in Urban Outfitters in the second quarter valued at approximately $70,000. CWM LLC raised its holdings in Urban Outfitters by 165.6% in the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after purchasing an additional 1,300 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock worth $92,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Up 0.9 %

Shares of URBN stock opened at $37.64 on Thursday. Urban Outfitters, Inc. has a 12 month low of $30.05 and a 12 month high of $48.90. The company’s fifty day simple moving average is $40.80 and its 200-day simple moving average is $41.34. The firm has a market cap of $3.47 billion, a PE ratio of 12.03, a P/E/G ratio of 0.89 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on URBN. Morgan Stanley dropped their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Bank of America cut their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. UBS Group increased their target price on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group cut their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. Finally, BMO Capital Markets lowered their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average target price of $42.30.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by corporate insiders.

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.