Urban Outfitters, Inc. $URBN Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 20.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 52,187 shares of the apparel retailer’s stock after selling 13,617 shares during the quarter. Intech Investment Management LLC’s holdings in Urban Outfitters were worth $3,786,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its stake in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 301 shares during the last quarter. Federated Hermes Inc. raised its holdings in Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 687 shares in the last quarter. Virtus Advisers LLC bought a new position in Urban Outfitters during the 1st quarter valued at $46,000. Parkside Financial Bank & Trust grew its holdings in Urban Outfitters by 32.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after acquiring an additional 237 shares in the last quarter. Finally, Quarry LP grew its holdings in Urban Outfitters by 146.2% during the 1st quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock worth $74,000 after acquiring an additional 842 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 3,400 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the sale, the chief executive officer owned 10,077 shares of the company’s stock, valued at $703,072.29. This trade represents a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard A. Hayne sold 9,333 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $70.11, for a total transaction of $654,336.63. Following the transaction, the chief executive officer directly owned 2,430,722 shares of the company’s stock, valued at $170,417,919.42. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,400 shares of company stock valued at $3,118,738 over the last three months. Company insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on URBN shares. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Bank of America boosted their price objective on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Barclays reaffirmed an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a report on Friday, August 29th. Finally, Wall Street Zen upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $81.09.

Urban Outfitters Stock Up 0.5%

Shares of NASDAQ URBN opened at $61.39 on Wednesday. The firm’s 50-day moving average price is $67.97 and its two-hundred day moving average price is $69.69. Urban Outfitters, Inc. has a 52-week low of $36.48 and a 52-week high of $80.71. The stock has a market capitalization of $5.51 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.04 and a beta of 1.28.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.