Empirical Finance LLC Lowers Position in Urban Outfitters, Inc. $URBN

Empirical Finance LLC trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 37.8% during the second quarter, HoldingsChannel reports. The fund owned 15,138 shares of the apparel retailer’s stock after selling 9,202 shares during the quarter. Empirical Finance LLC’s holdings in Urban Outfitters were worth $1,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in URBN. Jupiter Asset Management Ltd. boosted its holdings in Urban Outfitters by 33.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after purchasing an additional 327,453 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Urban Outfitters during the 4th quarter worth approximately $7,539,000. HighTower Advisors LLC raised its stake in shares of Urban Outfitters by 883.4% during the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock worth $3,242,000 after buying an additional 38,700 shares in the last quarter. Norges Bank acquired a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $44,191,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Urban Outfitters by 110.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 100,480 shares of the apparel retailer’s stock valued at $6,365,000 after buying an additional 52,645 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Down 2.3%

Shares of URBN stock opened at $77.58 on Thursday. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $85.43. The stock has a market cap of $6.64 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.25 and a beta of 1.26. The business has a fifty day simple moving average of $75.33 and a 200-day simple moving average of $71.39.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 EPS. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 6.16 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of Urban Outfitters stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the transaction, the chief financial officer owned 11,323 shares in the company, valued at approximately $914,332.25. The trade was a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 32.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on URBN shares. UBS Group upped their price objective on Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Citigroup reissued a “neutral” rating on shares of Urban Outfitters in a report on Friday, August 28th. Weiss Ratings lowered shares of Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. BMO Capital Markets began coverage on shares of Urban Outfitters in a research note on Tuesday. They set a “market perform” rating and a $80.00 price target on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $90.00 price objective on shares of Urban Outfitters in a research note on Thursday, August 27th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.