Urban Outfitters, Inc. $URBN Shares Sold by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board reduced its stake in Urban Outfitters by 27.8%, now owning approximately 0.25% of the company, amounting to nearly $11.9 million.
• Despite a decline in CPPIB's holdings, other investors such as American Century Companies Inc. and Fuller & Thaler Asset Management have increased their stakes, indicating ongoing institutional interest.
• Urban Outfitters reported a $1.58 EPS for the most recent quarter, surpassing expectations, with a revenue growth of 11.3% year-over-year, reflecting strong financial performance.

Canada Pension Plan Investment Board trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 27.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,608 shares of the apparel retailer's stock after selling 87,700 shares during the period. Canada Pension Plan Investment Board owned about 0.25% of Urban Outfitters worth $11,927,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of URBN. American Century Companies Inc. increased its stake in Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock valued at $121,700,000 after purchasing an additional 233,371 shares in the last quarter. Junto Capital Management LP grew its holdings in Urban Outfitters by 0.9% in the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock valued at $81,422,000 after purchasing an additional 13,820 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after buying an additional 302,444 shares in the last quarter. Nuveen LLC acquired a new position in shares of Urban Outfitters during the 1st quarter worth $43,769,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Urban Outfitters in the 1st quarter worth about $40,544,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Stock Performance

URBN stock opened at $67.08 on Tuesday. The company has a 50 day moving average price of $74.15 and a two-hundred day moving average price of $63.06. The stock has a market capitalization of $6.01 billion, a P/E ratio of 13.10, a PEG ratio of 1.08 and a beta of 1.29. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results 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 business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

URBN has been the subject of several recent research reports. UBS Group raised their target price on shares of Urban Outfitters from $75.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Glj Research restated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Citigroup reiterated a "neutral" rating and set a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. One research 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 stock. According to MarketBeat, Urban Outfitters presently has an average rating of "Hold" and an average price target of $81.82.

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.

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