Urban Outfitters, Inc. (NASDAQ:URBN) Stock Holdings Cut by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Urban Outfitters, Inc. by 1.5% over the first quarter, now owning approximately 8.43% of the company, valued at $409 million.
• Urban Outfitters reported quarterly earnings of $1.16 per share, exceeding expectations of $0.81, alongside a revenue increase of 10.7% year-over-year, totaling $1.33 billion.
• The stock currently holds a rating of "Moderate Buy" among analysts, with a consensus target price of $75.00, exhibiting varied opinions on stock performance.

Vanguard Group Inc. reduced its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,811,762 shares of the apparel retailer's stock after selling 116,968 shares during the quarter. Vanguard Group Inc. owned about 8.43% of Urban Outfitters worth $409,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in URBN. GSA Capital Partners LLP lifted its position in shares of Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after acquiring an additional 203 shares during the last quarter. Xponance Inc. lifted its position in shares of Urban Outfitters by 4.9% during the 1st 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. PNC Financial Services Group Inc. lifted its position in shares of Urban Outfitters by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock valued at $1,011,000 after acquiring an additional 228 shares during the last quarter. US Bancorp DE lifted its position in shares of Urban Outfitters by 16.4% during the 1st quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after acquiring an additional 262 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 34.7% during the 1st 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 last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 0.3%

Shares of URBN stock opened at $77.53 on Friday. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $80.71. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.44. The firm has a fifty day moving average of $73.09 and a 200-day moving average of $61.61.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The firm's revenue was up 10.7% on a year-over-year basis. Research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on URBN shares. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the company a "market perform" rating in a report on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 target price on shares of Urban Outfitters in a report on Wednesday, June 11th. UBS Group increased their target price on Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Bank of America increased their target price on Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley increased their target price on Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Buying and Selling

In related news, insider Margaret Hayne sold 80,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total value of $5,807,200.00. Following the completion of the transaction, the insider directly owned 100 shares of the company's stock, valued at approximately $7,259. This represents a 99.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the company's stock in a transaction on 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 transaction, the director directly owned 4,750 shares of the company's stock, valued at approximately $356,725. The trade was a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 over the last ninety days. Insiders own 31.60% 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.

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