First Trust Advisors LP Decreases Holdings in Urban Outfitters, Inc. $URBN

First Trust Advisors LP trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,632 shares of the apparel retailer’s stock after selling 9,405 shares during the period. First Trust Advisors LP owned 0.21% of Urban Outfitters worth $11,126,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of URBN. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. boosted its holdings in Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after buying an additional 326 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares during the last quarter. Spire Wealth Management increased its stake in Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its stake 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 in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Trading Down 2.1%

URBN stock opened at $74.18 on Friday. The firm has a 50-day moving average of $72.76 and a two-hundred day moving average of $69.93. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.40 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 EPS. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 6.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 8,733 shares of Urban Outfitters stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, 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. Company insiders own 32.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on URBN shares. Jefferies Financial Group restated a “hold” rating and issued a $72.00 target price on shares of Urban Outfitters in a research report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $89.00 price target on shares of Urban Outfitters in a research report on Monday, July 6th. 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 research note on Thursday, May 21st. The Goldman Sachs Group upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $93.00 in a report on Monday, July 20th. Finally, Barclays decreased their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Moderate Buy” and a consensus price target of $87.91.

Urban Outfitters Company 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.