Intech Investment Management LLC Trims Holdings in Urban Outfitters, Inc. $URBN

Intech Investment Management LLC cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 20.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,187 shares of the apparel retailer’s stock after selling 13,617 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Urban Outfitters worth $3,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 301 shares during the period. Federated Hermes Inc. increased its position in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC purchased a new position in Urban Outfitters during the first quarter worth approximately $46,000. Parkside Financial Bank & Trust raised its stake in Urban Outfitters by 32.6% during the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after purchasing an additional 237 shares during the period. Finally, Quarry LP boosted its holdings in shares of Urban Outfitters by 146.2% in the 1st quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock valued at $74,000 after purchasing an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $61.39 on Wednesday. The business’s 50-day moving average is $67.97 and its two-hundred day moving average is $69.69. The firm has a market capitalization of $5.51 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a 12 month low of $36.48 and a 12 month high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.14. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. Equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

URBN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Telsey Advisory Group boosted their price target on Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Citigroup restated a “neutral” rating and issued a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Finally, Morgan Stanley lifted their price objective on Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.09.

Insider Activity

In other news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the sale, the director owned 14,250 shares in the company, valued at $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard A. Hayne sold 9,333 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $70.11, for a total transaction of $654,336.63. Following the completion of the transaction, the chief executive officer owned 2,430,722 shares of the company’s stock, valued at $170,417,919.42. This trade represents a 0.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,400 shares of company stock worth $3,118,738 over the last 90 days. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.