Comerica Bank Sells 25,940 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Comerica Bank trimmed its stake in Urban Outfitters by 36.2%, selling 25,940 shares in Q4 and leaving 45,764 shares valued at about $3.44 million (≈0.05% of the company).
• Insiders — including Margaret Hayne and CEO Richard A. Hayne — recently sold shares (9,333 and 10,667 respectively), with insiders offloading 64,682 shares worth $4.63M over 90 days while still owning 32.10% of the stock.
• Urban Outfitters beat quarterly estimates with EPS of $1.43 vs. $1.24 and revenue up 10.1% year-over-year to $1.80B; analysts maintain a consensus "Hold" rating and a $86.25 price target.

Comerica Bank trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 36.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,764 shares of the apparel retailer's stock after selling 25,940 shares during the period. Comerica Bank owned 0.05% of Urban Outfitters worth $3,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in shares of Urban Outfitters by 316.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 187,660 shares of the apparel retailer's stock valued at $13,405,000 after purchasing an additional 142,600 shares during the period. Broad Peak Investment Advisers Pte Ltd bought a new stake in Urban Outfitters in the 3rd quarter valued at $5,917,000. Optimize Financial Inc bought a new stake in Urban Outfitters in the 3rd quarter valued at $602,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Urban Outfitters by 17.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer's stock valued at $19,983,000 after acquiring an additional 41,559 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in Urban Outfitters in the 3rd quarter valued at $4,104,000. 77.61% of the stock is currently owned by institutional investors.

Insider Transactions at Urban Outfitters

In other news, insider Margaret Hayne sold 9,333 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the sale, the insider directly owned 1,933,859 shares in the company, valued at $136,337,059.50. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 64,682 shares of company stock worth $4,629,408. Insiders own 32.10% of the company's stock.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $69.01 on Monday. The company's 50-day moving average price is $66.68 and its 200-day moving average price is $69.76. Urban Outfitters, Inc. has a twelve month low of $51.12 and a twelve month high of $84.35. The company has a market cap of $5.91 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $1.04 EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on URBN. Telsey Advisory Group reiterated an "outperform" rating and issued a $98.00 price target on shares of Urban Outfitters in a report on Thursday, February 26th. Barclays lifted their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an "overweight" rating in a report on Friday, January 16th. Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. UBS Group reiterated a "neutral" rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of "Hold" and a consensus price target of $86.25.

Urban Outfitters 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.

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