OppenheimerFunds Inc. lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 15.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 705,337 shares of the apparel retailer’s stock after selling 124,012 shares during the period. OppenheimerFunds Inc.’s holdings in Urban Outfitters were worth $31,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Urban Outfitters by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock valued at $881,000 after buying an additional 1,107 shares in the last quarter. Advisors Preferred LLC grew its holdings in Urban Outfitters by 50.2% in the 2nd quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock valued at $169,000 after buying an additional 1,264 shares in the last quarter. Arizona State Retirement System grew its holdings in Urban Outfitters by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 55,831 shares of the apparel retailer’s stock valued at $2,487,000 after buying an additional 1,680 shares in the last quarter. Amalgamated Bank grew its holdings in Urban Outfitters by 12.6% in the 2nd quarter. Amalgamated Bank now owns 18,060 shares of the apparel retailer’s stock valued at $805,000 after buying an additional 2,017 shares in the last quarter. Finally, Banco de Sabadell S.A grew its holdings in Urban Outfitters by 1.7% in the 1st quarter. Banco de Sabadell S.A now owns 123,557 shares of the apparel retailer’s stock valued at $4,543,000 after buying an additional 2,024 shares in the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.

Shares of URBN stock opened at $44.25 on Friday. Urban Outfitters, Inc. has a twelve month low of $21.76 and a twelve month high of $52.50. The firm has a market cap of $4.83 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.47.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 21st. The apparel retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. The firm had revenue of $992.50 million during the quarter, compared to the consensus estimate of $980.19 million. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. analysts predict that Urban Outfitters, Inc. will post 2.66 earnings per share for the current year.

URBN has been the topic of several analyst reports. MKM Partners increased their target price on Urban Outfitters to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. BidaskClub raised Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. Morgan Stanley increased their target price on Urban Outfitters from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, May 24th. Deutsche Bank increased their target price on Urban Outfitters from $35.00 to $39.00 and gave the stock a “sell” rating in a report on Wednesday, August 22nd. Finally, B. Riley increased their target price on Urban Outfitters from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.77.

In other Urban Outfitters news, Director Joel S. Lawson III sold 10,000 shares of the stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $45.66, for a total value of $456,600.00. Following the completion of the transaction, the director now directly owns 17,000 shares in the company, valued at $776,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Azeez Hayne sold 7,777 shares of the stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $46.28, for a total value of $359,919.56. The disclosure for this sale can be found here. Insiders sold 37,109 shares of company stock valued at $1,707,725 over the last quarter. Corporate insiders own 25.90% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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

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