Phocas Financial Corp. Cuts Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Key Points

• Phocas Financial Corp. has reduced its stake in Urban Outfitters by 5.2%, now holding 63,880 shares valued at approximately $3.35 million.
• Analysts have varied ratings on Urban Outfitters, with a consensus rating of "Moderate Buy" and a target price of $75.00, alongside recent upgrades from Robert W. Baird raising the target to $90.00.
• Urban Outfitters reported a significant earnings per share (EPS) of $1.16 for the last quarter, exceeding analysts' expectations and reflecting a 10.7% year-over-year revenue increase.

Phocas Financial Corp. trimmed its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 63,880 shares of the apparel retailer's stock after selling 3,530 shares during the period. Phocas Financial Corp. owned about 0.07% of Urban Outfitters worth $3,347,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of URBN. SG Americas Securities LLC grew its stake in Urban Outfitters by 313.4% in the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after buying an additional 17,696 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the first quarter valued at approximately $52,000. Public Employees Retirement System of Ohio increased its holdings in Urban Outfitters by 1,778.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock worth $1,898,000 after acquiring an additional 32,747 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Urban Outfitters during the 1st quarter valued at $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Urban Outfitters by 17.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock worth $7,086,000 after buying an additional 19,551 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Down 3.5%

NASDAQ URBN traded down $2.80 during trading hours on Thursday, hitting $76.99. 446,709 shares of the company's stock traded hands, compared to its average volume of 2,131,696. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $80.71. The firm has a market capitalization of $6.90 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.34 and a beta of 1.44. The business's fifty day moving average price is $72.16 and its two-hundred day moving average price is $60.63.

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

Analyst Upgrades and Downgrades

URBN has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Glj Research restated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. UBS Group boosted their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 35,000 shares of the business'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 sale, the director directly owned 480,296 shares in the company, valued at approximately $35,613,948.40. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 12,856 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock valued at $11,636,158 in the last quarter. Company insiders own 31.60% of the company's stock.

Urban Outfitters 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.