Capula Management Ltd Trims Position in Urban Outfitters, Inc. $URBN

Capula Management Ltd trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,466 shares of the apparel retailer’s stock after selling 20,792 shares during the period. Capula Management Ltd’s holdings in Urban Outfitters were worth $1,533,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in URBN. Jupiter Asset Management Ltd. raised its holdings in shares of Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after purchasing an additional 873,008 shares during the last quarter. Capital World Investors purchased a new stake in Urban Outfitters in the third quarter valued at $60,795,000. Norges Bank purchased a new stake in Urban Outfitters in the second quarter valued at $55,429,000. Balyasny Asset Management L.P. grew its position in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after purchasing an additional 606,831 shares during the period. Finally, American Century Companies Inc. grew its position in Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after purchasing an additional 540,877 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Down 0.5%

NASDAQ:URBN opened at $63.41 on Friday. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The stock’s 50-day moving average price is $69.95 and its 200-day moving average price is $70.66. The stock has a market capitalization of $5.69 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Urban Outfitters’s quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on URBN shares. Morgan Stanley boosted their price objective on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Barclays raised their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research report on Thursday, February 26th. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Finally, Guggenheim began coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.25.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $83.18, for a total transaction of $887,281.06. Following the transaction, the chief executive officer owned 17,878,601 shares in the company, valued at $1,487,142,031.18. This trade represents a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 473,517 shares of company stock worth $35,562,730. Corporate insiders own 31.60% of the company’s stock.

Urban Outfitters Profile

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.