MFS Slashes Urban Outfitters Stake to 96,006 Shares

Ticker: URBN · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, stake-reduction, amendment, bearish-signal

TL;DR

**MFS dumped most of its URBN shares, watch out for potential stock dip.**

AI Summary

Massachusetts Financial Services Company (MFS) filed an amended SC 13G/A for Urban Outfitters, Inc. on February 9, 2024, indicating a significant reduction in their beneficial ownership of common stock. As of December 29, 2023, MFS reported sole voting and dispositive power over only 96,006 shares, a substantial decrease from their previous holdings. This matters to investors because a large institutional investor like MFS significantly reducing its stake could signal a change in their outlook on Urban Outfitters' future performance, potentially influencing other investors' decisions.

Why It Matters

A major institutional investor like MFS drastically cutting its position in Urban Outfitters could suggest a loss of confidence, potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — The significant reduction in shares by a large institutional investor like MFS could indicate a negative outlook, posing a moderate risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind MFS's significant reduction in shares and consider if this signals a broader negative sentiment towards Urban Outfitters before making any investment decisions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G/A amendment?

The SC 13G/A amendment was filed by Massachusetts Financial Services Company ("MFS").

What is the name of the issuer whose securities are being reported on?

The issuer is URBAN OUTFITTERS, INC.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023.

How many shares of Urban Outfitters common stock does MFS now have sole voting power over?

Massachusetts Financial Services Company has sole voting power over 96,006 shares of Urban Outfitters common stock.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b).

From the Filing

0000912938-24-000199.txt : 20240209 0000912938-24-000199.hdr.sgml : 20240209 20240209114903 ACCESSION NUMBER: 0000912938-24-000199 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24613275 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: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ CENTRAL INDEX KEY: 0000912938 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * URBAN OUTFITTERS, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 917047102 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Massachusetts Financial Services Company ("MFS") 04-2747644 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable 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 96,006 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 96,006 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 96,006 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer URBAN OUTFITTERS, INC. (b) Address of Issuer's Principal Executive Offices 5000 South Broad Street, Philadelphia, PA 19112-1495 Item 2. (a) Name of Person Filing Massachusetts Financial Services Company (b) Address of Principal Business Office or, if None, Residence 111 Huntington Avenue, Boston, MA 02199 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 917047102 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78

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