Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,700 shares of the apparel retailer's stock after selling 28,454 shares during the quarter. Urban Outfitters makes up approximately 1.9% of Tabor Asset Management LP's portfolio, making the stock its 8th biggest position. Tabor Asset Management LP owned approximately 0.15% of Urban Outfitters worth $7,268,000 at the end of the most recent quarter.

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

Insider Activity

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 20,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the transaction, the chief financial officer directly owned 5,036 shares in the company, valued at $369,440.96. This represents a 79.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock worth $11,636,158 over the last three months. Company insiders own 31.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company restated an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. UBS Group increased their price target on Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Citigroup lowered their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Glj Research restated a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.09.

Urban Outfitters Stock Down 3.8%

NASDAQ:URBN traded down $2.97 during mid-day trading on Thursday, hitting $75.02. 988,522 shares of the stock traded hands, compared to its average volume of 2,178,403. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.26 and a beta of 1.44. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $78.22. The firm's 50 day moving average is $69.95 and its two-hundred day moving average is $59.07.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released 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. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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.