Urban Outfitters, Inc. (URBN) Position Reduced by Raymond James & Associates

Raymond James & Associates reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,569 shares of the apparel retailer’s stock after selling 677 shares during the period. Raymond James & Associates’ holdings in Urban Outfitters were worth $948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of URBN. Oregon Public Employees Retirement Fund boosted its holdings in Urban Outfitters by 3,059.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 971,424 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Urban Outfitters during the fourth quarter worth about $31,000. Pearl River Capital LLC purchased a new position in Urban Outfitters during the fourth quarter worth about $40,000. Huntington National Bank boosted its holdings in Urban Outfitters by 42.7% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 369 shares during the last quarter. Finally, Enlightenment Research LLC purchased a new position in Urban Outfitters during the fourth quarter worth about $83,000. 80.04% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Edward N. Antoian sold 18,006 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $33.23, for a total value of $598,339.38. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $664,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Trish Donnelly sold 9,144 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $34.00, for a total transaction of $310,896.00. Following the completion of the sale, the chief executive officer now directly owns 10,295 shares of the company’s stock, valued at approximately $350,030. The disclosure for this sale can be found here. In the last three months, insiders sold 104,200 shares of company stock valued at $3,237,851. Corporate insiders own 24.80% of the company’s stock.

Several analysts have commented on URBN shares. ValuEngine lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and set a $32.74 price objective on the stock in a research report on Wednesday, January 9th. Deutsche Bank set a $33.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a research report on Friday, February 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $37.00 price target (down previously from $42.00) on shares of Urban Outfitters in a research report on Friday, January 11th. Finally, Royal Bank of Canada lowered their price target on shares of Urban Outfitters from $35.00 to $29.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.24.

Urban Outfitters stock traded up $0.51 during midday trading on Wednesday, reaching $29.82. 2,426,365 shares of the stock were exchanged, compared to its average volume of 2,844,433. The firm has a market capitalization of $2.97 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. Urban Outfitters, Inc. has a 52 week low of $27.60 and a 52 week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 2.61 earnings per share for the current year.

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Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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