Urban Outfitters, Inc. $URBN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 61.1% during the first quarter, HoldingsChannel reports. The firm owned 10,012 shares of the apparel retailer’s stock after selling 15,700 shares during the quarter. SG Americas Securities LLC’s holdings in Urban Outfitters were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. increased its holdings in Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 326 shares during the last quarter. Salomon & Ludwin LLC raised its stake in Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after buying an additional 205 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Urban Outfitters during the 4th quarter worth about $33,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $68.21 on Wednesday. The business has a 50 day simple moving average of $71.94 and a 200-day simple moving average of $70.63. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35. The stock has a market capitalization of $5.84 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 6.08 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on URBN shares. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group restated a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a research note on Thursday, May 21st. Barclays dropped their price target on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Morgan Stanley reissued an “overweight” rating and set a $89.00 price objective on shares of Urban Outfitters in a report on Monday. Finally, Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Activity

In other news, insider Azeez Hayne sold 8,733 shares of Urban Outfitters stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares in the company, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by insiders.

About Urban Outfitters

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.