SG Americas Securities LLC Sells 4,658 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

SG Americas Securities LLC trimmed its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 45.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,646 shares of the apparel retailer’s stock after selling 4,658 shares during the period. SG Americas Securities LLC’s holdings in Urban Outfitters were worth $310,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of URBN. Crossmark Global Holdings Inc. acquired a new stake in shares of Urban Outfitters during the fourth quarter worth $219,000. Hennessy Advisors Inc. raised its position in shares of Urban Outfitters by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 225,200 shares of the apparel retailer’s stock worth $12,359,000 after acquiring an additional 14,400 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $765,000. Harbor Capital Advisors Inc. boosted its position in shares of Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after purchasing an additional 35,615 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Urban Outfitters by 10.6% during the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock worth $1,030,000 after purchasing an additional 1,801 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

NASDAQ URBN opened at $55.27 on Wednesday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $60.90. The stock has a market capitalization of $5.10 billion, a PE ratio of 15.84, a PEG ratio of 1.14 and a beta of 1.54. The business’s 50-day moving average is $54.37 and its 200 day moving average is $44.01.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 31.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th. Barclays lifted their price target on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.64.

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.