Urban Outfitters, Inc. $URBN Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,600 shares of the apparel retailer’s stock after selling 12,055 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Urban Outfitters were worth $15,301,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Urban Outfitters by 24.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 32,006 shares of the apparel retailer’s stock valued at $2,286,000 after purchasing an additional 6,200 shares during the period. Diversified Trust Co grew its position in Urban Outfitters by 5.2% in the 3rd quarter. Diversified Trust Co now owns 20,730 shares of the apparel retailer’s stock valued at $1,481,000 after buying an additional 1,028 shares in the last quarter. Oak Harvest Investment Services increased its stake in Urban Outfitters by 203.1% during the 3rd quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock valued at $2,165,000 after buying an additional 20,313 shares during the period. Optivise Advisory Services LLC bought a new stake in shares of Urban Outfitters during the 3rd quarter worth about $247,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Urban Outfitters in the 3rd quarter worth approximately $386,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $76.28, for a total transaction of $711,921.24. Following the completion of the sale, the insider directly owned 2,225,396 shares in the company, valued at approximately $169,753,206.88. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $76.28, for a total value of $813,678.76. Following the transaction, the chief executive officer directly owned 17,782,598 shares in the company, valued at approximately $1,356,456,575.44. This trade represents a 0.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 332,733 shares of company stock valued at $25,704,752. 31.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on URBN. Telsey Advisory Group upgraded shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $98.00 in a research note on Wednesday, December 17th. Morgan Stanley increased their price target on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. UBS Group boosted their price objective on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Barclays lifted their target price on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $75.34 on Monday. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $83.94. The firm’s 50 day simple moving average is $71.71 and its 200-day simple moving average is $72.08. The company has a market cap of $6.76 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion during the quarter. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

About Urban Outfitters

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.