Glenmede Trust Co. NA Decreases Position in Urban Outfitters, Inc. $URBN

Glenmede Trust Co. NA lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 21.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,189 shares of the apparel retailer’s stock after selling 25,327 shares during the quarter. Glenmede Trust Co. NA’s holdings in Urban Outfitters were worth $5,967,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after buying an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after buying an additional 13,554 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Urban Outfitters by 343.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after acquiring an additional 1,886 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares during the period. Finally, First Trust Advisors LP increased its holdings in Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after acquiring an additional 22,393 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. Zacks Research upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Morgan Stanley reissued an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.91.

Insider Activity at Urban Outfitters

In related news, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. This trade represents a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is currently owned by insiders.

Urban Outfitters Stock Up 4.7%

URBN stock opened at $77.69 on Tuesday. The firm has a market capitalization of $6.65 billion, a PE ratio of 14.91, a PEG ratio of 1.37 and a beta of 1.23. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $84.35. The stock has a 50-day simple moving average of $72.86 and a two-hundred day simple moving average of $69.95.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 6.13 EPS for the current fiscal year.

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.