Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,485 shares of the apparel retailer’s stock after selling 3,012 shares during the period. Corebridge Financial Inc.’s holdings in Urban Outfitters were worth $1,838,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in URBN. Jones Financial Companies Lllp lifted its position in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC boosted its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Quarry LP grew its holdings in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the period. Smartleaf Asset Management LLC raised its position in Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after acquiring an additional 470 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the transaction, the director now owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,976 shares of company stock worth $5,573,263. Insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on URBN shares. Robert W. Baird raised their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, March 1st. Telsey Advisory Group raised their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Barclays lifted their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company increased their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.00.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $55.42 on Thursday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The firm has a market capitalization of $5.11 billion, a PE ratio of 15.88, a P/E/G ratio of 1.02 and a beta of 1.56. The business’s 50 day moving average price is $54.32 and its 200-day moving average price is $48.02.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Urban Outfitters Profile

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.