Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Strs Ohio

Strs Ohio cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,800 shares of the apparel retailer’s stock after selling 2,200 shares during the period. Strs Ohio’s holdings in Urban Outfitters were worth $920,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. purchased a new position in Urban Outfitters in the 3rd quarter worth about $11,442,000. Assenagon Asset Management S.A. purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at approximately $8,032,000. Tudor Investment Corp Et Al boosted its stake in Urban Outfitters by 2,657.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer’s stock worth $7,604,000 after purchasing an additional 224,169 shares during the period. Qube Research & Technologies Ltd grew its position in Urban Outfitters by 63.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 519,544 shares of the apparel retailer’s stock worth $16,984,000 after purchasing an additional 201,821 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Urban Outfitters by 25.4% during the 3rd quarter. American Century Companies Inc. now owns 940,165 shares of the apparel retailer’s stock valued at $30,734,000 after purchasing an additional 190,677 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Telsey Advisory Group increased their price objective on Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Jefferies Financial Group lowered Urban Outfitters from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. UBS Group lifted their price target on Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. BMO Capital Markets increased their price objective on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Finally, StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $39.67.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $39.19 on Thursday. Urban Outfitters, Inc. has a 52 week low of $25.52 and a 52 week high of $47.29. The firm has a market capitalization of $3.66 billion, a PE ratio of 12.89, a PEG ratio of 0.62 and a beta of 1.53. The business’s 50-day simple moving average is $41.67 and its 200-day simple moving average is $38.28.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $0.39 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that Urban Outfitters, Inc. will post 3.51 earnings per share for the current year.

Insider Activity

In related news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares of the company’s stock, valued at $258,821.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Melanie Marein-Efron sold 6,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the completion of the transaction, the chief financial officer now owns 908 shares in the company, valued at approximately $36,973.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the sale, the chief executive officer now owns 6,353 shares in the company, valued at $258,821.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,473 shares of company stock valued at $757,483. Insiders own 31.80% of the company’s stock.

Urban Outfitters Company 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.