Tabor Asset Management LP Sells 28,454 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Tabor Asset Management LP decreased its position 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 & Exchange Commission. The firm owned 138,700 shares of the apparel retailer's stock after selling 28,454 shares during the quarter. Urban Outfitters accounts for approximately 1.9% of Tabor Asset Management LP's portfolio, making the stock its 8th largest position. Tabor Asset Management LP owned about 0.15% of Urban Outfitters worth $7,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. lifted its position in Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after acquiring an additional 222 shares during the last quarter. Natixis Advisors LLC raised its holdings in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after purchasing an additional 252 shares in the last quarter. GAMMA Investing LLC raised its holdings in Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after purchasing an additional 263 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Urban Outfitters by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after purchasing an additional 351 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its position in Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Buying and Selling at Urban Outfitters

In related news, insider Margaret Hayne sold 80,000 shares of the stock in a transaction dated 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 sale, the insider owned 100 shares in the company, valued at $7,259. This trade represents a 99.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 20,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the sale, the chief financial officer owned 5,036 shares of the company's stock, valued at $369,440.96. This trade represents a 79.88% 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 ninety days. Company insiders own 31.80% of the company's stock.

Urban Outfitters Trading Up 4.0%

NASDAQ:URBN traded up $3.03 during trading hours on Wednesday, hitting $77.99. 2,586,009 shares of the company traded hands, compared to its average volume of 2,012,023. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.25 and a beta of 1.44. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $78.25. The firm has a 50-day moving average of $69.95 and a 200 day moving average of $59.07.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Barclays boosted their price objective on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Telsey Advisory Group reissued a "market perform" rating and set a $72.00 target price on shares of Urban Outfitters in a research note on Wednesday, June 11th. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, Morgan Stanley boosted their target price on shares of Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of "Moderate Buy" and an average price target 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.