Hennessy Advisors Inc. Lowers Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Hennessy Advisors Inc. trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,100 shares of the apparel retailer's stock after selling 23,100 shares during the period. Hennessy Advisors Inc. owned about 0.22% of Urban Outfitters worth $10,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in Urban Outfitters by 1,016.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after buying an additional 119,820 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Urban Outfitters by 1,778.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock worth $1,898,000 after purchasing an additional 32,747 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock worth $38,754,000 after buying an additional 51,657 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after acquiring an additional 60,697 shares in the last quarter. Finally, Amundi raised its holdings in Urban Outfitters by 850.3% in the fourth quarter. Amundi now owns 34,191 shares of the apparel retailer's stock worth $1,952,000 after buying an additional 30,593 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In other news, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the transaction, the insider now directly owns 100 shares in the company, valued at $7,259. The trade was a 99.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 480,296 shares in the company, valued at $35,613,948.40. This trade represents a 6.79% 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 over the last 90 days. 31.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and increased their target price for the company from $50.00 to $70.00 in a report on Friday, June 6th. UBS Group increased their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Bank of America boosted their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $3.04 on Monday, reaching $71.05. The company's stock had a trading volume of 826,652 shares, compared to its average volume of 2,270,765. The company has a 50-day simple moving average of $59.09 and a 200 day simple moving average of $55.75. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $75.80. The company has a market cap of $6.37 billion, a P/E ratio of 20.36, a PEG ratio of 1.02 and a beta of 1.45.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.