Urban Outfitters, Inc. $URBN Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Urban Outfitters by 36.1%, selling 121,031 shares and holding 214,220 shares, valued at approximately $11.23 million.
• Various institutional investors, including GSA Capital Partners and US Bancorp, have made changes to their positions in Urban Outfitters during the first quarter, indicating fluctuating investor sentiment.
• Urban Outfitters' stock had a positive earnings report with $1.58 EPS, beating expectations, and analysts have set target prices ranging from $76.00 to $93.00 for the company.

Trexquant Investment LP trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 36.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,220 shares of the apparel retailer's stock after selling 121,031 shares during the quarter. Trexquant Investment LP owned approximately 0.23% of Urban Outfitters worth $11,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC raised its stake in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 687 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth about $46,000. Exchange Traded Concepts LLC acquired a new position in Urban Outfitters in the first quarter valued at approximately $52,000. Finally, GAMMA Investing LLC lifted its holdings in Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on URBN. Bank of America boosted their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $75.00 to $90.00 in a report on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $50.00 to $70.00 in a research report on Friday, June 6th. Finally, Morgan Stanley boosted their price objective on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $81.91.

Urban Outfitters Stock Performance

Shares of URBN traded up $0.53 during trading hours on Tuesday, hitting $67.61. 2,880,657 shares of the stock were exchanged, compared to its average volume of 2,159,722. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $80.71. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.29. The stock's 50-day moving average price is $74.15 and its two-hundred day moving average price is $63.06.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the transaction, the chief executive officer owned 13,477 shares of the company's stock, valued at approximately $950,398.04. The trade was a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 31.80% of the company's stock.

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.