Fieldview Capital Management LLC Decreases Stock Position in Urban Outfitters, Inc. $URBN

Fieldview Capital Management LLC cut its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,610 shares of the apparel retailer’s stock after selling 17,204 shares during the period. Fieldview Capital Management LLC’s holdings in Urban Outfitters were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Urban Outfitters by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock worth $262,578,000 after buying an additional 142,909 shares in the last quarter. American Century Companies Inc. boosted its position in Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after acquiring an additional 540,877 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock valued at $131,997,000 after acquiring an additional 50,837 shares during the last quarter. Geode Capital Management LLC lifted its stake in Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after purchasing an additional 12,965 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after purchasing an additional 477,909 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on URBN. Guggenheim began coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their price objective on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. The Goldman Sachs Group started coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target on the stock. UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Finally, Citigroup increased their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.25.

Urban Outfitters Price Performance

URBN opened at $64.48 on Tuesday. The business has a fifty day moving average price of $70.80 and a 200 day moving average price of $70.95. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.24 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.Urban Outfitters’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the sale, the chief executive officer owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. 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 through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the transaction, the insider owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. This trade represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 502,850 shares of company stock worth $37,947,264 over the last 90 days. Insiders own 31.80% of the company’s stock.

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.