Squarepoint Ops LLC Lowers Position in Urban Outfitters, Inc. $URBN

Squarepoint Ops LLC cut its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 51.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,887 shares of the apparel retailer’s stock after selling 111,687 shares during the quarter. Squarepoint Ops LLC owned 0.12% of Urban Outfitters worth $7,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of URBN. Eurizon Capital SGR S.p.A. bought a new position in Urban Outfitters during the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of Urban Outfitters by 815.0% in the fourth 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 period. Allworth Financial LP bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $31,000. Transamerica Financial Advisors LLC boosted its holdings in Urban Outfitters by 566.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 374 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Urban Outfitters during the 4th quarter valued at about $33,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Trading Down 2.6%

NASDAQ:URBN opened at $75.60 on Friday. The company has a 50-day moving average price of $75.43 and a 200-day moving average price of $71.44. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $85.43. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.22 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share. Urban Outfitters’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts forecast that Urban Outfitters, Inc. will post 6.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the transaction, the chief financial officer owned 11,323 shares in the company, valued at approximately $914,332.25. This represents a 33.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings downgraded Urban Outfitters from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Wells Fargo & Company upped their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Finally, UBS Group raised their price target on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.75.

Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.