Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Northern Trust Corp

Northern Trust Corp decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 626,506 shares of the apparel retailer’s stock after selling 24,839 shares during the period. Northern Trust Corp owned about 0.58% of Urban Outfitters worth $20,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in Urban Outfitters by 3,059.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after buying an additional 971,424 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Urban Outfitters during the fourth quarter worth $31,000. Pearl River Capital LLC acquired a new position in shares of Urban Outfitters during the fourth quarter worth $40,000. Huntington National Bank increased its position in shares of 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 in the last quarter. Finally, Enlightenment Research LLC acquired a new position in shares of Urban Outfitters during the fourth quarter worth $83,000. 80.28% of the stock is owned by institutional investors.

Shares of NASDAQ URBN traded down $0.20 during mid-day trading on Thursday, hitting $29.62. The stock had a trading volume of 2,714,618 shares, compared to its average volume of 2,845,252. Urban Outfitters, Inc. has a twelve month low of $27.60 and a twelve month high of $52.50. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.00 and a beta of 0.54.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 EPS for the quarter, beating the 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 2.61 earnings per share for the current year.

In other Urban Outfitters news, 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 value of $310,896.00. Following the sale, the chief executive officer now directly owns 10,295 shares of the company’s stock, valued at $350,030. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Calvin Hollinger sold 23,813 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.13, for a total transaction of $693,672.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,200 shares of company stock worth $3,237,851. 24.80% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on URBN shares. Wedbush reaffirmed an “average” rating and set a $28.00 price target (down from $35.00) on shares of Urban Outfitters in a research report on Tuesday. Jefferies Financial Group set a $58.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Friday, January 11th. B. Riley set a $52.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Thursday, January 10th. Zacks Investment Research reaffirmed a “buy” rating and set a $36.00 price target on shares of Urban Outfitters in a research report on Monday, December 31st. Finally, DA Davidson raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $36.00 in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.24.

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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.

Further Reading: Strike Price

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

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