Urban Outfitters, Inc. $URBN Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd. cut its Urban Outfitters stake by 61.2% in the second quarter, selling 16,221 shares and retaining 10,301 shares valued at approximately $730,000. Institutional investors and hedge funds collectively own 77.61% of the company.
• Urban Outfitters’ CFO Melanie Marein-Efron sold 5,700 shares for about $460,275, reducing her direct holdings by 33.48%. Company insiders own 32.10% of the stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $89.75, while the company’s latest quarter showed revenue growth of 10.4% year over year to $1.66 billion and EPS of $1.72.

WINTON GROUP Ltd trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 61.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,301 shares of the apparel retailer's stock after selling 16,221 shares during the quarter. WINTON GROUP Ltd's holdings in Urban Outfitters were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $27,000. Allworth Financial LP bought a new stake in Urban Outfitters during the second quarter worth approximately $31,000. Kilter Group LLC acquired a new stake in Urban Outfitters in the second quarter worth approximately $35,000. NewEdge Advisors LLC lifted its position in Urban Outfitters by 87.0% in the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 247 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Urban Outfitters during the 4th quarter valued at $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 5,700 shares of Urban Outfitters stock in a transaction dated 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. The trade was a 33.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America boosted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Jefferies Financial Group raised their target price on Urban Outfitters from $72.00 to $79.00 and gave the company a "hold" rating in a research note on Wednesday, August 12th. Wells Fargo & Company lifted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price target on shares of Urban Outfitters in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group raised shares of 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 report on Monday, July 20th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.

Urban Outfitters Trading Down 2.0%

NASDAQ URBN opened at $77.01 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $85.43. The company has a market capitalization of $6.60 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. The firm's fifty day simple moving average is $75.74 and its 200-day simple moving average is $71.62.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts predict that Urban Outfitters, Inc. will post 6.16 EPS for the current year.

About Urban Outfitters

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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