Vanguard Trims Urban Outfitters Stake to 11.8%

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

Sentiment: neutral

Topics: institutional-ownership, amendment, retail, portfolio-rebalancing

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

What is the primary purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment to a Schedule 13G, indicating an update to The Vanguard Group's beneficial ownership of Urban Outfitters Inc. Common Stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

How many shares of Urban Outfitters Common Stock does The Vanguard Group beneficially own as of the event date?

As of December 29, 2023, The Vanguard Group beneficially owns 10,030,733 shares of Urban Outfitters Inc. Common Stock.

What percentage of Urban Outfitters' Common Stock does Vanguard's reported ownership represent?

The 10,030,733 shares beneficially owned by The Vanguard Group represent 11.8% of Urban Outfitters Inc.'s Common Stock.

When was the event date that triggered this filing?

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

Does The Vanguard Group have sole voting power over these shares?

No, the filing explicitly states that The Vanguard Group has 'SOLE VOTING POWER 0' for the reported shares, indicating they do not have sole voting power.

From the Filing

0001104659-24-022199.txt : 20240213 0001104659-24-022199.hdr.sgml : 20240213 20240213171600 ACCESSION NUMBER: 0001104659-24-022199 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629772 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv02177-urbanoutfittersinc.htm SCHEDULE 13G/A urbanoutfittersinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  Urban Outfitters Inc Title of Class of Securities:  Common Stock CUSIP Number:  917047102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  917047102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 65,603 7.  SOLE DISPOSITIVE POWER 7,543,490 8.  SHARED DISPOSITIVE POWER 129,096 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,672,586 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.27% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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 19112-1495 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 917047102 Ite