Beck Bode LLC Sells 3,570 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Beck Bode LLC reduced its stake in Urban Outfitters, Inc. by 2.9% during the first quarter, leaving it with 118,665 shares valued at approximately $6.2 million.
• Institutional investors collectively own 77.61% of Urban Outfitters' stock, with American Century Companies increasing its holdings by 11.2% in the first quarter.
• Analysts have set a consensus rating of "Hold" for Urban Outfitters, with an average price target of $77.27, after various brokerages updated their ratings recently.

Beck Bode LLC cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,665 shares of the apparel retailer's stock after selling 3,570 shares during the quarter. Urban Outfitters accounts for about 1.2% of Beck Bode LLC's portfolio, making the stock its 29th biggest holding. Beck Bode LLC owned about 0.13% of Urban Outfitters worth $6,218,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of URBN. American Century Companies Inc. lifted its position in shares of Urban Outfitters by 11.2% in the first quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock valued at $121,700,000 after buying an additional 233,371 shares during the last quarter. Junto Capital Management LP increased its stake in shares of Urban Outfitters by 0.9% in the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock valued at $81,422,000 after purchasing an additional 13,820 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after purchasing an additional 302,444 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Urban Outfitters during the 1st quarter valued at $43,769,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Urban Outfitters during the 1st quarter valued at $40,544,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the transaction, the chief executive officer directly owned 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.60% of the company's stock.

Urban Outfitters Trading Down 3.8%

URBN stock traded down $2.62 during trading on Friday, reaching $67.08. 2,927,391 shares of the stock were exchanged, compared to its average volume of 2,080,711. The firm's 50 day moving average is $74.14 and its 200 day moving average is $62.94. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $80.71. The firm has a market cap of $6.01 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on URBN. Morgan Stanley raised their price objective on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Bank of America lifted their target price on Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday. Finally, UBS Group boosted their price objective on Urban Outfitters from $75.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $81.82.

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.