Amalgamated Bank Sells 558 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Amalgamated Bank decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,020 shares of the apparel retailer’s stock after selling 558 shares during the period. Amalgamated Bank’s holdings in Urban Outfitters were worth $652,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. bought a new position in Urban Outfitters during the third quarter worth about $47,000. Ground Swell Capital LLC acquired a new position in shares of Urban Outfitters during the 3rd quarter worth about $223,000. James Investment Research Inc. grew its position in shares of Urban Outfitters by 33.2% during the 3rd quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock worth $403,000 after buying an additional 2,620 shares during the period. Farther Finance Advisors LLC grew its position in shares of Urban Outfitters by 26.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after buying an additional 785 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Urban Outfitters by 80.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock worth $5,339,000 after buying an additional 62,343 shares during the period. Institutional investors own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Morgan Stanley decreased their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $49.00 to $44.00 in a research report on Thursday, August 22nd. Wells Fargo & Company decreased their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Finally, Barclays decreased their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.30.

Urban Outfitters Stock Down 1.6 %

NASDAQ:URBN opened at $38.22 on Friday. Urban Outfitters, Inc. has a twelve month low of $31.37 and a twelve month high of $48.90. The business has a 50 day moving average price of $36.83 and a two-hundred day moving average price of $40.14. The company has a market cap of $3.53 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.65 earnings per share for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.