Urban Outfitters, Inc. $URBN Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 39.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,671 shares of the apparel retailer's stock after selling 14,981 shares during the quarter. Hsbc Holdings PLC's holdings in Urban Outfitters were worth $1,613,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in URBN. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the 4th quarter worth $27,000. Brown Brothers Harriman & Co. grew its position in shares of Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer's stock valued at $28,000 after purchasing an additional 326 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Urban Outfitters during the 2nd quarter worth about $31,000. Transamerica Financial Advisors LLC increased its holdings in shares of Urban Outfitters by 566.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 374 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $33,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Morgan Stanley reiterated an "overweight" rating and set a $90.00 target price on shares of Urban Outfitters in a research report on Thursday, August 27th. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Urban Outfitters in a report on Friday, August 28th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer directly owned 11,323 shares in the company, valued at $914,332.25. This represents a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.10% of the company's stock.

Urban Outfitters Price Performance

URBN stock opened at $78.58 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $85.43. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.19 and a beta of 1.26. The business's fifty day moving average price is $75.58 and its two-hundred day moving average price is $71.49.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.72. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 EPS. Research analysts expect that Urban Outfitters, Inc. will post 6.16 EPS for the current year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.

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