QRG Capital Management Inc. reduced its holdings in Urban Outfitters Inc. (NASDAQ:URBN – free report ) by 4.2% during the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor sold 404 shares during the period and now owns 9,106 shares of the apparel retailer’s stock. QRG Capital Management Inc.’s holdings of Urban Outfitters stock were worth $395,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. The Vanguard Group increased its holdings in Urban Outfitters by 2.3% in the third quarter. The Vanguard Group now owns 6,997,796 shares of the apparel retailer’s stock valued at $228,758,000. It purchased an additional 159,644 shares in the last quarter. Raymond James Financial Services Advisors purchased a new stake in Urban Outfitters in the fourth quarter for $1,151,000. Allspring Global Investments Holdings increased its holdings in Urban Outfitters by 5.6% in the fourth quarter. Allspring Global Investments Holdings now owns 11,713 shares of the apparel retailer’s stock valued at $418,000. It acquired an additional 621 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Urban Outfitters worth approximately $1.01 million in the fourth quarter. Finally, Cantonal Bank of Zurich increased its holdings in Urban Outfitters by 25.3% in the fourth quarter. Cantonal Bank of Zurich now owns 13,985 shares of the apparel retailer’s stock, valued at $499,000, after purchasing an additional 2,828 shares in the last quarter. 77.61% of the stock is owned by institutional investors.
Urban Outfitters Stock Performance
Urban Outfitters’ shares opened trading at $46.43 on Friday. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.13 and a beta of 1.51. Urban Outfitters’ 52-week low is $30.05 and the high is $48.90. The company’s 50-day moving average price is $43.14 and its 200-day moving average price is $41.49.
Urban Outfitters (NASDAQ:URBN – Get free report ) last released its earnings results on Tuesday, May 21st. The apparel retailer reported quarterly earnings per share of $0.69, beating analysts’ consensus estimates of $0.49 by $0.20. The business’ quarterly revenue was $1.2 billion, beating the consensus estimate of $1.18 billion. Urban Outfitters had net margins of 5.66% and return on equity of 15.36%. Urban Outfitters’ quarterly revenue grew 8.1% year-over-year. In the same quarter last year, the company earned earnings per share of $0.56. Equity research analysts expect Urban Outfitters to post EPS of $3.57 for the current fiscal year.
Analysts Set New Price Targets
Several stock analysts have recently issued reports on URBN shares. UBS Group raised their price target on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Jefferies Financial Group raised their price target on Urban Outfitters from $32.00 to $35.00 and gave the company an “underperform” rating in a research note on Wednesday, May 22nd. StockNews.com downgraded Urban Outfitters from a “buy” to a “hold” rating in a report on Tuesday, June 18th. Telsey Advisory Group raised their price target on Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Finally, Robert W. Baird boosted their price target on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22. One analyst has rated the stock with a sell rating, eight have rated it with a hold rating, and three have rated it with a buy rating. According to MarketBeat.com data, Urban Outfitters currently has a consensus rating of “hold” with a consensus price target of $43.18.
Get the latest Urban Outfitters stock analysis
Insider Trading at Urban Outfitters
In related news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction value of $583,541.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction value of $583,541.26. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. Also, Director Harry S. Chelken Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction value of $241,500.00. Following the transaction, the directors now directly own 565,296 shares in the company, valued at $27,303,796.80. The disclosure for this sale can be found here. Corporate insiders own 31.80% of the company’s stock.
About Urban Outfitters
(Free report)
Urban Outfitters, Inc. is a retail and wholesale consumer goods company. It operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, activewear, innerwear, footwear, accessories, home goods, electronics, and beauty products to young people ages 18-28, and Anthropologie stores, which offer women’s apparel, accessories, innerwear, shoes, home furnishings, as well as gifts, decor, and beauty and health products to women ages 28-45.
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