Urban Outfitters, Inc. $URBN Shares Sold by Danske Bank A S

Key Points

• Danske Bank A S cut its stake in Urban Outfitters by 77.9% in Q4, selling 43,975 shares and leaving 12,466 shares valued at about $938,000.
• Urban Outfitters beat Q4 estimates with EPS of $1.43 vs. $1.24 and revenue of $1.80B (up 10.1% year-over-year); the stock trades near $70 with a market cap of ~$6.0B and a P/E of 13.82.
• Insiders sold roughly 44,682 shares (~$3.16M) last quarter, including CEO Richard Hayne and Margaret Hayne, though insiders still own 32.10%; analysts are mixed with a consensus "Hold" and a $86.25 target (8 Buy, 8 Hold, 1 Sell).

Danske Bank A S lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 77.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,466 shares of the apparel retailer's stock after selling 43,975 shares during the quarter. Danske Bank A S's holdings in Urban Outfitters were worth $938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of URBN. Jupiter Asset Management Ltd. lifted its holdings in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer's stock valued at $69,287,000 after buying an additional 873,008 shares during the period. Capital World Investors purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at about $60,795,000. Balyasny Asset Management L.P. increased its stake in shares of Urban Outfitters by 5,360.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer's stock valued at $44,155,000 after purchasing an additional 606,831 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Urban Outfitters by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer's stock valued at $205,654,000 after purchasing an additional 540,877 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Urban Outfitters by 339.3% in the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer's stock valued at $48,276,000 after purchasing an additional 495,441 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Trading Up 2.8%

URBN stock opened at $70.05 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $51.12 and a 12-month high of $84.35. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.31 and a beta of 1.23. The business's 50-day moving average is $66.72 and its 200 day moving average is $69.78.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same period in the previous year, the firm posted $1.04 EPS. Urban Outfitters's revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 5.84 EPS for the current fiscal year.

Insider Activity

In related news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $657,976.50. Following the sale, the insider directly owned 1,933,859 shares in the company, valued at approximately $136,337,059.50. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. The trade was a 0.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,682 shares of company stock worth $3,160,808. 32.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on URBN. Wells Fargo & Company cut their price target on Urban Outfitters from $80.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. cut their price target on Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, January 20th. Wall Street Zen lowered Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Saturday, April 4th. UBS Group restated a "neutral" rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Finally, Barclays lifted their price target on Urban Outfitters from $98.00 to $102.00 and gave the company an "overweight" rating in a research note on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Urban Outfitters has an average rating of "Hold" and a consensus target price of $86.25.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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