Vanguard Trims Urban Outfitters Stake to 11.8%

TL;DR

**Vanguard slightly cut its Urban Outfitters stake to 11.8% as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its ownership in Urban Outfitters Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 10,030,733 shares of Urban Outfitters Common Stock, representing 11.8% of the company. This filing indicates a slight decrease in their reported stake from previous filings, which could signal a minor shift in institutional confidence or portfolio rebalancing. For investors, this matters because large institutional holdings can influence stock stability and perceived value, and a reduction, even small, might be interpreted as a cautious signal.

Why It Matters

This filing shows a major institutional investor's updated position, which can influence market perception and potentially impact stock price due to changes in supply and demand.

Risk Assessment

Risk Level: low — The change in ownership by a large institutional investor is minor and does not indicate a significant shift in the company's fundamentals or immediate risk.

Analyst Insight

An investor should note this minor adjustment by a major institutional holder but not overreact. It's prudent to monitor future institutional filings and Urban Outfitters' upcoming earnings reports for more significant insights into the company's performance and investor sentiment.

Key Numbers

• 10,030,733 — Shares Beneficially Owned (The total number of Urban Outfitters shares Vanguard holds, indicating their significant investment.)
• 11.8% — Percentage of Class (The proportion of Urban Outfitters' Common Stock owned by Vanguard, showing their influence.)
• 917047102 — CUSIP Number (Unique identifier for Urban Outfitters Common Stock, ensuring accurate security identification.)
• February 13, 2024 — Filing Date (The date the updated ownership information was publicly disclosed.)
• December 29, 2023 — Event Date (The specific date when Vanguard's reported ownership stake was calculated.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Urban Outfitters Inc (company) — subject company whose securities are being reported
• 10,030,733 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 11.8% (dollar_amount) — percentage of Urban Outfitters' Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Urban Outfitters' stock price will experience minor volatility due to this filing. (Urban Outfitters Inc) — low confidence, target: 1 week

FAQ

Filing Documents

• tv02177-urbanoutfittersinc.htm (SC 13G/A) — 11KB
• 0001104659-24-022199.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Urban Outfitters Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 5000 South Broad Street Philadelphia, PA 19112-1495

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 917047102

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR