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

Dimensional Fund Advisors LP trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,695,425 shares of the apparel retailer's stock after selling 260,810 shares during the quarter. Dimensional Fund Advisors LP owned 6.17% of Urban Outfitters worth $312,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of URBN. Jones Financial Companies Lllp raised its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC increased its holdings in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after purchasing an additional 1,125 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after acquiring an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Urban Outfitters by 10.4% in 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 last quarter. Institutional investors own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,976 shares of company stock valued at $1,663,713. 31.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on URBN shares. Telsey Advisory Group raised their price objective 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. Barclays upped their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $55.18.

Urban Outfitters Stock Performance

NASDAQ URBN traded up $0.57 during trading on Friday, hitting $51.41. The stock had a trading volume of 1,410,696 shares, compared to its average volume of 1,872,293. The company has a market capitalization of $4.76 billion, a PE ratio of 14.73, a P/E/G ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The company's 50-day moving average price is $51.37 and its two-hundred day moving average price is $49.19.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results 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. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 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.