Urban Outfitters, Inc. $URBN Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its Urban Outfitters stake by 40.9% in the third quarter, selling 18,692 shares and retaining 26,956 shares valued at approximately $2.06 million.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $90.54; nine analysts rate the stock Buy and eight rate it Hold.
• Urban Outfitters reported quarterly revenue of $1.66 billion, up 10.4% year over year, while matching earnings expectations at $1.72 per share. Shares opened at $86.55, near their 12-month high of $90.59.

Robeco Institutional Asset Management B.V. decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 40.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,956 shares of the apparel retailer's stock after selling 18,692 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Urban Outfitters were worth $2,059,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Urban Outfitters during the second quarter valued at about $31,000. Kilter Group LLC purchased a new position in shares of Urban Outfitters in the second quarter worth about $35,000. NewEdge Advisors LLC increased its stake in shares of 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 in the last quarter. Farther Finance Advisors LLC raised its position in shares of Urban Outfitters by 39.6% in the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer's stock valued at $89,000 after purchasing an additional 331 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $91,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wolfe Research initiated coverage on Urban Outfitters in a research report on Wednesday. They set a "peer perform" rating on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective on shares of Urban Outfitters in a report on Thursday, August 27th. Jefferies Financial Group boosted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a "hold" rating in a research report on Wednesday, August 12th. Barclays increased their target price on Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, BMO Capital Markets assumed coverage on Urban Outfitters in a research note on Tuesday, September 8th. They issued a "market perform" rating and a $80.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Urban Outfitters has a consensus rating of "Moderate Buy" and a consensus price target of $90.54.

Urban Outfitters Price Performance

Shares of URBN opened at $86.55 on Monday. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $90.59. The firm has a 50 day moving average of $79.37 and a 200 day moving average of $74.90. The company has a market capitalization of $7.41 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 3,500 shares of the firm's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer owned 30,112 shares of the company's stock, valued at $2,287,006.40. This trade represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Melanie Marein-Efron sold 5,700 shares of Urban Outfitters stock in a transaction that occurred 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 owned 11,323 shares of the company's stock, valued at $914,332.25. This represents a 33.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,200 shares of company stock valued at $1,161,400. 32.10% of the stock is owned by insiders.

Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.

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