Urban Outfitters, Inc. (NASDAQ:URBN) Position Lowered by Tabor Asset Management LP

Tabor Asset Management LP reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,700 shares of the apparel retailer's stock after selling 28,454 shares during the quarter. Urban Outfitters comprises 1.9% of Tabor Asset Management LP's holdings, making the stock its 8th largest holding. Tabor Asset Management LP owned about 0.15% of Urban Outfitters worth $7,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of URBN. Kestra Private Wealth Services LLC bought a new stake in shares of Urban Outfitters during the 1st quarter worth $548,000. Victory Capital Management Inc. increased its position in shares of Urban Outfitters by 12.4% during the 1st quarter. Victory Capital Management Inc. now owns 16,258 shares of the apparel retailer's stock valued at $852,000 after purchasing an additional 1,796 shares during the last quarter. CWM LLC increased its stake in shares of Urban Outfitters by 19.6% in the first quarter. CWM LLC now owns 4,646 shares of the apparel retailer's stock worth $243,000 after purchasing an additional 760 shares in the last quarter. Xponance Inc. increased its holdings in shares of Urban Outfitters by 4.9% in the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after buying an additional 222 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Urban Outfitters by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 353,495 shares of the apparel retailer's stock worth $18,523,000 after buying an additional 10,236 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research reports. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price objective on shares of Urban Outfitters in a report on Wednesday, June 11th. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, June 11th. Barclays raised their target price on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.09.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded up $2.48 during trading on Monday, reaching $74.62. The company had a trading volume of 2,121,285 shares, compared to its average volume of 2,007,071. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $75.94. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The firm's fifty day moving average is $69.29 and its 200-day moving average is $58.84.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business's revenue was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the completion of the transaction, the insider directly owned 100 shares in the company, valued at $7,259. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the sale, the director owned 480,296 shares of the company's stock, valued at $35,613,948.40. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,156 shares of company stock valued at $11,636,158. 31.80% of the stock is owned by company insiders.

About Urban Outfitters

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.