Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 36.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,225 shares of the apparel retailer’s stock after selling 130,491 shares during the period. Acadian Asset Management LLC owned 0.24% of Urban Outfitters worth $9,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 417 shares during the last quarter. Spire Wealth Management increased its position in Urban Outfitters by 3,700.0% during the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 1,110 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Urban Outfitters during the fourth quarter worth about $150,000. TFO Wealth Partners LLC increased its position in Urban Outfitters by 26,563.2% during the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock worth $178,000 after purchasing an additional 5,047 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in Urban Outfitters during the first quarter worth about $240,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on URBN. Morgan Stanley lifted their price target on shares of Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, May 23rd. Barclays lifted their price target on shares of Urban Outfitters from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, June 18th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. UBS Group lifted their price target on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.18.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction of $583,541.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares in the company, valued at $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Up 0.6 %

Urban Outfitters stock traded up $0.27 during trading on Friday, reaching $46.43. The stock had a trading volume of 871,544 shares, compared to its average volume of 1,446,652. Urban Outfitters, Inc. has a 52-week low of $30.05 and a 52-week high of $48.90. The business has a 50 day moving average price of $43.14 and a 200 day moving average price of $41.58. The stock has a market cap of $4.34 billion, a PE ratio of 14.83, a P/E/G ratio of 1.14 and a beta of 1.51.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.57 EPS for the current fiscal year.

About Urban Outfitters

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