Rhumbline Advisers Reduces Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Rhumbline Advisers trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,647 shares of the apparel retailer's stock after selling 5,943 shares during the quarter. Rhumbline Advisers owned about 0.18% of Urban Outfitters worth $8,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after acquiring an additional 119,820 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Urban Outfitters by 1,778.8% during 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 Urban Outfitters by 7.9% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Urban Outfitters by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after buying an additional 60,697 shares during the period. Finally, Amundi raised its position in shares of Urban Outfitters by 850.3% in the 4th quarter. Amundi now owns 34,191 shares of the apparel retailer's stock valued at $1,952,000 after buying an additional 30,593 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 12,856 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total value of $938,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total transaction of $510,680.00. Following the completion of the sale, the director now owns 4,750 shares in the company, valued at approximately $356,725. This trade represents a 58.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 over the last three months. 31.60% of the stock is currently owned by insiders.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.87 during midday trading on Thursday, hitting $68.36. 538,358 shares of the stock traded hands, compared to its average volume of 1,973,466. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $75.80. The business has a 50 day moving average price of $58.14 and a two-hundred day moving average price of $55.25. The company has a market cap of $6.33 billion, a PE ratio of 19.59, a P/E/G ratio of 1.02 and a beta of 1.45.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results 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 was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $63.00 to $78.00 in a report on Thursday, May 22nd. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Telsey Advisory Group reissued a "market perform" rating and set a $72.00 price target on shares of Urban Outfitters in a research note on Wednesday. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued 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, Urban Outfitters currently has an average rating of "Moderate Buy" and a consensus target price of $74.09.

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.