Cerity Partners LLC Sells 9,548 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Cerity Partners LLC reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 167,935 shares of the apparel retailer's stock after selling 9,548 shares during the quarter. Cerity Partners LLC owned approximately 0.18% of Urban Outfitters worth $8,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its position in Urban Outfitters by 9.0% in the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock valued at $114,653,000 after buying an additional 173,082 shares during the last quarter. Junto Capital Management LP raised its position in 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 buying an additional 13,820 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Urban Outfitters by 183,272.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after buying an additional 1,094,134 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Urban Outfitters in the 1st quarter valued at $40,544,000. Finally, Systematic Financial Management LP raised its position in Urban Outfitters by 4.8% in the 4th quarter. Systematic Financial Management LP now owns 756,409 shares of the apparel retailer's stock valued at $41,512,000 after buying an additional 34,677 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 35,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the transaction, the director owned 480,296 shares in the company, valued at $35,613,948.40. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director owned 4,750 shares of the company's stock, valued at approximately $356,725. This represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 in the last three months. Corporate insiders own 31.60% of the company's stock.

Urban Outfitters Trading Up 1.5%

Shares of URBN stock traded up $1.05 on Friday, hitting $71.98. 658,181 shares of the stock were exchanged, compared to its average volume of 1,995,907. The firm has a market capitalization of $6.45 billion, a PE ratio of 15.07, a P/E/G ratio of 1.17 and a beta of 1.44. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $75.80. The firm's 50 day moving average is $68.88 and its two-hundred day moving average is $58.68.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

URBN has been the subject of a number of analyst reports. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Glj Research restated a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and upped their price objective for the company from $50.00 to $70.00 in a research note on Friday, June 6th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.09.

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.