Empowered Funds LLC Sells 49,309 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Empowered Funds LLC decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 24.3% during the fourth quarter, HoldingsChannel reports. The fund owned 153,997 shares of the apparel retailer’s stock after selling 49,309 shares during the quarter. Empowered Funds LLC’s holdings in Urban Outfitters were worth $8,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp grew its position in shares of Urban Outfitters by 1.1% in the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Urban Outfitters by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after purchasing an additional 62,019 shares during the period. Geode Capital Management LLC grew its holdings in Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after buying an additional 18,249 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Urban Outfitters by 5.5% during the third quarter. Systematic Financial Management LP now owns 721,732 shares of the apparel retailer’s stock valued at $27,650,000 after buying an additional 37,599 shares during the period. Finally, Easterly Investment Partners LLC lifted its holdings in shares of Urban Outfitters by 2.2% in the third quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock worth $9,925,000 after buying an additional 5,635 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on URBN shares. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Telsey Advisory Group raised their price target on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 14th. Finally, UBS Group boosted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $53.64.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Down 1.7 %

Shares of NASDAQ:URBN opened at $56.60 on Monday. The stock has a market cap of $5.22 billion, a PE ratio of 16.22, a PEG ratio of 1.07 and a beta of 1.54. The company’s fifty day moving average is $54.92 and its 200 day moving average is $44.25. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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.