Tabor Asset Management LP Sells 16,714 Shares of Urban Outfitters, Inc. $URBN

Tabor Asset Management LP reduced its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 18.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,398 shares of the apparel retailer’s stock after selling 16,714 shares during the quarter. Urban Outfitters makes up about 3.1% of Tabor Asset Management LP’s holdings, making the stock its 14th largest position. Tabor Asset Management LP’s holdings in Urban Outfitters were worth $5,171,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in URBN. Capital World Investors purchased a new position in Urban Outfitters in the third quarter valued at approximately $60,795,000. WINTON GROUP Ltd boosted its position in Urban Outfitters by 5.8% during the third quarter. WINTON GROUP Ltd now owns 15,256 shares of the apparel retailer’s stock worth $1,090,000 after purchasing an additional 833 shares during the period. Jefferies Financial Group Inc. bought a new position in Urban Outfitters during the third quarter worth about $253,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Urban Outfitters by 194.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 20,410 shares of the apparel retailer’s stock worth $1,458,000 after purchasing an additional 13,485 shares in the last quarter. Finally, Systematic Alpha Investments LLC bought a new stake in shares of Urban Outfitters in the third quarter valued at approximately $386,000. Institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

URBN has been the topic of several recent research reports. Guggenheim started coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. Barclays upped their price target on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.25.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $82.66, for a total transaction of $881,734.22. Following the transaction, the chief executive officer directly owned 17,889,268 shares in the company, valued at $1,478,726,892.88. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 502,850 shares of company stock worth $37,947,264. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Trading Up 0.7%

URBN stock opened at $64.48 on Tuesday. The company’s 50 day moving average is $70.80 and its 200 day moving average is $70.95. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35.

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

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.