Urban Outfitters, Inc. $URBN Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 175,632 shares of the apparel retailer’s stock after selling 9,405 shares during the period. First Trust Advisors LP’s holdings in Urban Outfitters were worth $11,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Urban Outfitters during the 4th quarter valued at approximately $27,000. Brown Brothers Harriman & Co. lifted its holdings in Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 326 shares during the last quarter. Salomon & Ludwin LLC grew its position in Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the period. Spire Wealth Management grew its position in Urban Outfitters by 83.3% in the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Richardson Financial Services Inc. increased its stake in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Down 2.1%

Shares of NASDAQ URBN opened at $74.18 on Friday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.40 and a beta of 1.22. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35. The business’s 50 day moving average is $72.76 and its two-hundred day moving average is $69.93.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. Analysts anticipate that Urban Outfitters, Inc. will post 6.13 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. This trade represents a 22.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Azeez Hayne sold 8,733 shares of Urban Outfitters stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Bank of America increased their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Jefferies Financial Group reissued a “hold” rating and set a $72.00 price objective on shares of Urban Outfitters in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Moderate Buy” and an average price target of $87.91.

Urban Outfitters 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.