BlackRock Amends Urban Outfitters Stake, Signals Continued Confidence

TL;DR

**BlackRock still owns URBN, signaling institutional confidence.**

AI Summary

BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Urban Outfitters Inc. common stock as of December 31, 2023. This filing, an amendment number 2, shows BlackRock continues to be a significant institutional holder in the retail company. For investors, this means a major institutional player maintains its stake, which can signal confidence in Urban Outfitters' long-term prospects, potentially influencing stock stability.

Why It Matters

This filing confirms BlackRock's ongoing substantial investment in Urban Outfitters, which can be a positive signal for other investors, suggesting institutional confidence in the company's future performance.

Risk Assessment

Risk Level: low — This filing is routine and indicates a major institutional investor maintains its position, which generally reduces perceived risk for the stock.

Analyst Insight

An investor might view BlackRock's continued stake as a sign of stability and consider holding or initiating a position in Urban Outfitters, but should also research the specific percentage of ownership and any changes from previous filings to gauge the strength of this signal.

Key Players & Entities

• BlackRock, Inc. (company) — the reporting person and institutional investor
• Urban Outfitters Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• BlackRock will maintain a significant stake in Urban Outfitters for the foreseeable future. (BlackRock, Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-002675.txt : 20240124 0001086364-24-002675.hdr.sgml : 20240124 20240124172351 ACCESSION NUMBER: 0001086364-24-002675 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: URBAN OUTFITTERS INC CENTRAL INDEX KEY: 0000912615 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 232003332 STATE OF INCORPORATION: PA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43909 FILM NUMBER: 24557740 BUSINESS ADDRESS: STREET 1: 5000 SOUTH BROAD STREET CITY: PHILADELPHIA STATE: PA ZIP: 19112 BUSINESS PHONE: 2154545500 MAIL ADDRESS: STREET 1: 5000 SOUTH BROAD STREET CITY: PHILADELPHIA STATE: PA ZIP: 19112 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us9170471026_012424.txt us9170471026_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2) URBAN OUTFITTERS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 917047102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 917047102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 9318849 (6) Shared voting power 0 (7) Sole dispositive power 9646083 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 9646083 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- URBAN OUTFITTERS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 5000 SOUTH BROAD STREET PHILADELPHIA PA 19112 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: --------------