Urban Outfitters, Inc. $URBN Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,079,482 shares of the apparel retailer’s stock after selling 66,683 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Urban Outfitters were worth $78,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in shares of Urban Outfitters in the 1st quarter worth approximately $241,000. Natixis Advisors LLC lifted its stake in Urban Outfitters by 55.3% during the first quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer’s stock worth $1,256,000 after purchasing an additional 8,542 shares during the last quarter. Quantitative Investment Management LLC bought a new position in Urban Outfitters during the first quarter worth $1,253,000. FORA Capital LLC boosted its holdings in Urban Outfitters by 88.9% in the first quarter. FORA Capital LLC now owns 8,566 shares of the apparel retailer’s stock worth $449,000 after purchasing an additional 4,032 shares during the period. Finally, Bank of Montreal Can increased its stake in Urban Outfitters by 134.9% during the second quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after purchasing an additional 11,894 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Trading Down 4.6%

URBN opened at $73.97 on Friday. The business’s 50 day moving average is $67.55 and its 200-day moving average is $70.37. The stock has a market cap of $6.63 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on URBN. Bank of America raised their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a report on Wednesday. Telsey Advisory Group upped their target price on Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday. Citigroup increased their price target on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group boosted their price objective on Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.36.

Insider Activity

In related news, CEO Tricia D. Smith sold 3,400 shares of Urban Outfitters stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total transaction of $237,218.00. Following the sale, the chief executive officer directly owned 10,077 shares in the company, valued at $703,072.29. The trade was a 25.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the sale, the chief executive officer directly owned 18,027,939 shares of the company’s stock, valued at $1,270,248,581.94. The trade was a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 44,400 shares of company stock valued at $3,118,738. Company insiders own 31.60% of the company’s stock.

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.