ASB Consultores LLC reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) by 42.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,300 shares of the apparel retailer’s stock after selling 8,400 shares during the quarter. ASB Consultores LLC’s holdings in Urban Outfitters were worth $270,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Urban Outfitters by 16.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,807,788 shares of the apparel retailer’s stock worth $114,124,000 after purchasing an additional 830,302 shares during the period. Fisher Asset Management LLC boosted its stake in Urban Outfitters by 130.5% in the fourth quarter. Fisher Asset Management LLC now owns 930,286 shares of the apparel retailer’s stock valued at $22,187,000 after acquiring an additional 526,735 shares during the period. Shapiro Capital Management LLC grew its holdings in shares of Urban Outfitters by 4.6% during the first quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock valued at $237,867,000 after purchasing an additional 420,001 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Outfitters by 62.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 986,014 shares of the apparel retailer’s stock worth $24,759,000 after purchasing an additional 380,216 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Urban Outfitters by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,641,142 shares of the apparel retailer’s stock valued at $130,499,000 after purchasing an additional 376,130 shares during the period. Institutional investors own 77.30% of the company’s stock.
Analyst Ratings Changes
Several research analysts have commented on URBN shares. Citigroup upped their target price on shares of Urban Outfitters from $32.00 to $36.00 in a research report on Wednesday, May 24th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Urban Outfitters from $26.00 to $29.00 in a report on Wednesday, May 24th. UBS Group downgraded shares of Urban Outfitters from a “neutral” rating to a “sell” rating in a research report on Wednesday, March 29th. Finally, Barclays upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $38.00 in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Urban Outfitters has an average rating of “Hold” and an average target price of $30.33.
Urban Outfitters Stock Up 0.5 %
Shares of URBN traded up $0.15 during trading hours on Thursday, reaching $32.27. The company’s stock had a trading volume of 697,696 shares, compared to its average volume of 1,706,767. Urban Outfitters, Inc. has a 1-year low of $18.20 and a 1-year high of $32.62. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.65 and a beta of 1.49. The company has a 50 day moving average of $28.04 and a two-hundred day moving average of $27.28.
Urban Outfitters (NASDAQ:URBN – Get Rating) last posted its earnings results on Tuesday, May 23rd. The apparel retailer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.36 by $0.20. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. Urban Outfitters had a net margin of 3.73% and a return on equity of 10.45%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, analysts forecast that Urban Outfitters, Inc. will post 2.69 EPS for the current fiscal year.
Insider Buying and Selling at Urban Outfitters
In other Urban Outfitters news, CFO Melanie Marein-Efron sold 16,036 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $31.24, for a total transaction of $500,964.64. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $31,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Urban Outfitters news, insider Azeez Hayne sold 16,116 shares of the firm’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $26.25, for a total value of $423,045.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 16,036 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $31.24, for a total value of $500,964.64. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $31,240. The disclosure for this sale can be found here. Corporate insiders own 31.90% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.