Urban Outfitters, Inc. $URBN Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 17.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 162,225 shares of the apparel retailer’s stock after selling 35,435 shares during the period. Empowered Funds LLC’s holdings in Urban Outfitters were worth $11,768,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its holdings in shares of Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. Federated Hermes Inc. increased its stake in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth $46,000. Parkside Financial Bank & Trust lifted its position in shares of Urban Outfitters by 32.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after buying an additional 237 shares during the last quarter. Finally, Quarry LP lifted its position 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 worth $74,000 after buying an additional 842 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard A. Hayne sold 9,333 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $70.11, for a total value of $654,336.63. Following the completion of the sale, the chief executive officer directly owned 2,430,722 shares of the company’s stock, valued at approximately $170,417,919.42. This represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary Egan sold 1,000 shares of the 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 completion of the transaction, the director owned 14,250 shares of the company’s stock, valued at $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 44,400 shares of company stock worth $3,118,738. 31.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Telsey Advisory Group raised their price target on Urban Outfitters from $72.00 to $80.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research report on Wednesday, October 8th. Finally, UBS Group reduced their price target on shares of Urban Outfitters from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $81.09.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $61.39 on Wednesday. Urban Outfitters, Inc. has a 1 year low of $36.48 and a 1 year high of $80.71. 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. The stock has a fifty day moving average of $67.97 and a two-hundred day moving average of $69.69.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.14. The company had revenue of $1.50 billion for 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. Equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Company 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.