Systematic Financial Management LP Sells 6,955 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Systematic Financial Management LP reduced its stake in Urban Outfitters by 0.9%, now owning 749,454 shares valued at approximately $39.3 million.
• Several institutions, including AlphaQuest LLC and Credit Agricole S A, increased their holdings in Urban Outfitters, indicating growing interest among large investors.
• Urban Outfitters reported earnings of $1.16 per share, surpassing analysts' expectations, and experienced a 10.7% year-over-year revenue increase for the quarter.

Systematic Financial Management LP lowered its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 749,454 shares of the apparel retailer's stock after selling 6,955 shares during the quarter. Urban Outfitters makes up approximately 1.1% of Systematic Financial Management LP's investment portfolio, making the stock its 19th largest position. Systematic Financial Management LP owned 0.81% of Urban Outfitters worth $39,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nuveen LLC bought a new position in Urban Outfitters in the 1st quarter valued at approximately $43,769,000. Wedge Capital Management L L P NC bought a new position in Urban Outfitters during the 1st quarter worth approximately $40,544,000. Boston Partners bought a new position in Urban Outfitters during the 1st quarter worth approximately $18,380,000. Voloridge Investment Management LLC bought a new position in Urban Outfitters during the 4th quarter worth approximately $18,513,000. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Urban Outfitters by 27.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock worth $73,212,000 after purchasing an additional 302,444 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on URBN. Telsey Advisory Group restated a "market perform" rating and set a $72.00 price target on shares of Urban Outfitters in a report on Friday, August 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Barclays raised their price objective on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $77.27.

Insiders Place Their Bets

In other news, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the sale, the insider directly owned 100 shares in the company, valued at $7,259. The trade was a 99.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer owned 13,477 shares in the company, valued at $950,398.04. The trade was a 25.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.80% of the stock is owned by insiders.

Urban Outfitters Stock Performance

URBN traded up $1.75 during mid-day trading on Wednesday, reaching $78.01. 3,512,101 shares of the stock were exchanged, compared to its average volume of 2,110,800. The stock has a market capitalization of $6.99 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.44. The company has a 50 day moving average price of $73.96 and a two-hundred day moving average price of $62.61. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. During the same quarter in the prior year, the business posted $1.24 EPS. Sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal 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.