Hillsdale Investment Management Inc. Lowers Stock Holdings in Urban Outfitters, Inc. $URBN

Hillsdale Investment Management Inc. cut its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 48.0% in the 1st quarter, HoldingsChannel reports. The fund owned 51,800 shares of the apparel retailer’s stock after selling 47,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Urban Outfitters were worth $3,282,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in URBN. HighTower Advisors LLC increased its stake in Urban Outfitters by 883.4% in the fourth quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock valued at $3,242,000 after purchasing an additional 38,700 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock worth $97,646,000 after buying an additional 327,453 shares during the period. UBS Group AG boosted its stake in Urban Outfitters by 339.3% in the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock worth $48,276,000 after buying an additional 495,441 shares during the last quarter. Braun Stacey Associates Inc. acquired a new stake in Urban Outfitters in the 4th quarter worth about $19,366,000. Finally, Virtus Wealth Solutions LLC purchased a new stake in Urban Outfitters in the 4th quarter valued at about $1,310,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Bank of America raised their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 price target on shares of Urban Outfitters in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Buying and Selling at Urban Outfitters

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

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $72.95 on Thursday. The stock has a 50-day simple moving average of $71.86 and a 200-day simple moving average of $70.22. The stock has a market capitalization of $6.25 billion, a P/E ratio of 14.00, a PEG ratio of 1.30 and a beta of 1.22. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.12 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 earnings per share. Analysts predict that Urban Outfitters, Inc. will post 6.13 earnings per share for the current 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.