Urban Outfitters, Inc. $URBN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) by 9.9% in the third quarter, Holdings Channel reports. The firm owned 6,895,816 shares of the apparel retailer’s stock after selling 758,997 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Urban Outfitters worth $492,568,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in URBN. Norges Bank purchased a new stake in shares of Urban Outfitters in the second quarter worth about $55,429,000. Qube Research & Technologies Ltd boosted its holdings in Urban Outfitters by 59.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after acquiring an additional 477,909 shares during the period. Marshall Wace LLP grew its position in Urban Outfitters by 150.5% in the second quarter. Marshall Wace LLP now owns 617,527 shares of the apparel retailer’s stock valued at $44,795,000 after acquiring an additional 371,058 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Urban Outfitters during the second quarter worth $17,279,000. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Urban Outfitters by 1,248.3% in the second quarter. Orion Porfolio Solutions LLC now owns 242,656 shares of the apparel retailer’s stock valued at $18,767,000 after purchasing an additional 224,659 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Urban Outfitters

In related news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the completion of the sale, the insider owned 1,933,859 shares of the company’s stock, valued at approximately $136,337,059.50. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $752,023.50. Following the sale, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. The trade was a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 602,850 shares of company stock valued at $45,557,264. 31.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on URBN. Guggenheim started coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Robert W. Baird set a $93.00 target price on Urban Outfitters in a research report on Wednesday, December 17th. Citigroup increased their price target on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group started coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.67.

View Our Latest Research Report on Urban Outfitters

Urban Outfitters News Summary

Here are the key news stories impacting Urban Outfitters this week:

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $65.46 on Thursday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.90 and a beta of 1.24. The stock’s 50 day moving average price is $72.88 and its 200 day moving average price is $71.59. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

About Urban Outfitters

(Free Report)

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.

See Also

Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. (NASDAQ:URBNFree Report).

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

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