Urban Outfitters, Inc. $URBN Stock Position Decreased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 46.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,933 shares of the apparel retailer’s stock after selling 165,814 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Urban Outfitters were worth $12,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in URBN. Abrams Bison Investments LLC acquired a new position in Urban Outfitters in the fourth quarter worth approximately $127,114,000. Capital World Investors acquired a new position in shares of Urban Outfitters during the 3rd quarter worth $60,795,000. Balyasny Asset Management L.P. increased its stake in shares of Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after purchasing an additional 606,831 shares during the last quarter. Norges Bank bought a new position in shares of Urban Outfitters during the 4th quarter valued at $44,191,000. Finally, American Century Companies Inc. raised its holdings in shares of Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $76.42 on Monday. The firm has a fifty day simple moving average of $72.00 and a 200-day simple moving average of $71.31. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.44 and a beta of 1.22. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $1.16 EPS. As a group, research analysts predict that Urban Outfitters, Inc. will post 6.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a report on Thursday, May 21st. Barclays cut their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

Insider Transactions at Urban Outfitters

In other news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the sale, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 32.10% of the stock is owned by corporate insiders.

Urban Outfitters Company 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.