Vanguard Group Inc. Has $503.28 Million Stake in Urban Outfitters, Inc. $URBN

Key Points

• Vanguard trimmed its Urban Outfitters stake by 3% in Q4 to 6,687,194 shares, representing a 7.46% ownership interest valued at about $503.28 million.
• Insiders have been net sellers recently — CEO Richard A. Hayne sold 10,667 shares and Margaret Hayne sold 9,333, with insiders offloading 44,682 shares (~$3.16 million) in the last three months, though insiders still own 32.10%.
• Urban Outfitters beat Q4 EPS estimates ($1.43 vs. $1.24) with revenue of $1.80B (up 10.1% YoY); the stock carries an average analyst rating of Hold and a consensus price target of $86.25, with a market cap near $6.0B and a P/E of 13.82.

Vanguard Group Inc. reduced its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,687,194 shares of the apparel retailer's stock after selling 208,622 shares during the period. Vanguard Group Inc. owned 7.46% of Urban Outfitters worth $503,278,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer's stock valued at $1,977,000 after purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer's stock valued at $7,476,000 after acquiring an additional 13,554 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Urban Outfitters by 343.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer's stock valued at $177,000 after purchasing an additional 1,886 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock worth $36,000 after buying an additional 274 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Urban Outfitters by 14.0% in the second quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer's stock valued at $13,242,000 after buying an additional 22,393 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

URBN has been the topic of a number of research analyst reports. Barclays increased 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. JPMorgan Chase & Co. decreased their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. UBS Group reissued a "neutral" rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Wall Street Zen downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Urban Outfitters has an average rating of "Hold" and an average price target of $86.25.

Insiders Place Their Bets

In related news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $752,023.50. Following the sale, the chief executive officer directly owned 17,449,385 shares of the company's stock, valued at approximately $1,230,181,642.50. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $663,856.29. Following the sale, the insider directly owned 1,987,950 shares in the company, valued at approximately $141,402,883.50. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,682 shares of company stock valued at $3,160,808 in the last three months. 32.10% of the stock is owned by insiders.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $70.05 on Wednesday. Urban Outfitters, Inc. has a fifty-two week low of $51.12 and a fifty-two week high of $84.35. The stock has a market capitalization of $6.00 billion, a PE ratio of 13.82, a P/E/G ratio of 1.31 and a beta of 1.23. The business has a fifty day moving average price of $66.72 and a two-hundred day moving average price of $69.78.

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

About Urban Outfitters

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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