Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Shapiro Capital Management LLC

Shapiro Capital Management LLC lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,917 shares of the apparel retailer’s stock after selling 49,500 shares during the quarter. Shapiro Capital Management LLC owned approximately 0.34% of Urban Outfitters worth $12,927,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in URBN. Marshall Wace LLP boosted its holdings in shares of Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after buying an additional 1,230,771 shares during the period. Bank of Montreal Can grew its holdings in shares of Urban Outfitters by 30.0% during the second quarter. Bank of Montreal Can now owns 9,672 shares of the apparel retailer’s stock valued at $435,000 after purchasing an additional 2,232 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after purchasing an additional 258 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Urban Outfitters by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 124,801 shares of the apparel retailer’s stock worth $5,123,000 after purchasing an additional 8,783 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Urban Outfitters by 52.4% in the 2nd quarter. ProShare Advisors LLC now owns 19,374 shares of the apparel retailer’s stock worth $795,000 after purchasing an additional 6,662 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $37.28 on Tuesday. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.89 and a beta of 1.50. Urban Outfitters, Inc. has a 12 month low of $30.05 and a 12 month high of $48.90. The stock’s 50 day moving average price is $40.08 and its 200 day moving average price is $41.19.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the transaction, the director now owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

URBN has been the topic of several analyst reports. BMO Capital Markets dropped their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Bank of America cut their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. UBS Group upped their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Morgan Stanley cut their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Finally, Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $49.00 to $44.00 in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.30.

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.