Urban Outfitters, Inc. $URBN Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 48.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,282 shares of the apparel retailer’s stock after selling 10,748 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Urban Outfitters were worth $818,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of URBN. American Century Companies Inc. raised its position in Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock valued at $121,700,000 after purchasing an additional 233,371 shares in the last quarter. Junto Capital Management LP boosted its position in shares of Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock valued at $90,571,000 after purchasing an additional 244,801 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock valued at $73,212,000 after acquiring an additional 302,444 shares during the period. Nuveen LLC purchased a new position in Urban Outfitters during the 1st quarter worth $43,769,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Urban Outfitters by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 454,613 shares of the apparel retailer’s stock worth $32,978,000 after buying an additional 6,586 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URBN has been the topic of several recent research reports. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Barclays reaffirmed an “overweight” rating and set a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. Finally, UBS Group lifted their target price on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.91.

Urban Outfitters Trading Up 0.4%

Shares of NASDAQ URBN opened at $63.20 on Friday. The company has a market cap of $5.67 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a 12-month low of $36.48 and a 12-month high of $80.71. The stock has a fifty day moving average price of $68.61 and a 200 day moving average price of $69.29.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.Urban Outfitters’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. On average, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, CEO Richard A. Hayne sold 9,333 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $70.11, for a total value of $654,336.63. Following the transaction, the chief executive officer owned 2,430,722 shares in the company, valued at approximately $170,417,919.42. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tricia D. Smith sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the completion of the transaction, the chief executive officer directly owned 10,077 shares in the company, valued at approximately $703,072.29. The trade was a 25.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 44,400 shares of company stock valued at $3,118,738. 31.60% of the stock is currently owned by insiders.

Urban Outfitters Company Profile

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.