Urban Outfitters, Inc. $URBN Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,991 shares of the apparel retailer’s stock after selling 30,944 shares during the quarter. Cerity Partners LLC owned about 0.15% of Urban Outfitters worth $9,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in URBN. HighTower Advisors LLC purchased a new position in Urban Outfitters in the 1st quarter worth $241,000. Bank of Montreal Can increased its holdings in shares of Urban Outfitters by 134.9% in 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 period. FORA Capital LLC raised its stake in shares of 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 last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth about $1,253,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in Urban Outfitters in the second quarter valued at approximately $7,036,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on URBN shares. UBS Group lifted their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Morgan Stanley increased their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $85.17.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $76.03, for a total transaction of $811,012.01. Following the completion of the transaction, the chief executive officer directly owned 17,931,936 shares in the company, valued at approximately $1,363,365,094.08. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $76.03, for a total transaction of $709,587.99. Following the completion of the sale, the insider owned 2,356,058 shares in the company, valued at approximately $179,131,089.74. This trade represents a 0.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 163,400 shares of company stock valued at $12,165,018. 31.60% of the stock is owned by insiders.

Urban Outfitters Trading Up 2.8%

NASDAQ URBN opened at $79.03 on Thursday. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.16 and a beta of 1.20. The stock has a 50-day moving average of $68.41 and a 200 day moving average of $71.11. 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 quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The business had revenue of $1.53 billion during the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. Equities analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Urban Outfitters 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.