Yousif Capital Management LLC Sells 781 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Yousif Capital Management LLC cut its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,479 shares of the apparel retailer’s stock after selling 781 shares during the period. Yousif Capital Management LLC’s holdings in Urban Outfitters were worth $1,179,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in URBN. Blue Trust Inc. raised its holdings in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares in the last quarter. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in Urban Outfitters in the third quarter worth about $47,000. Quarry LP raised its holdings in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Finally, KBC Group NV grew its holdings in Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after purchasing an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $56.33 on Friday. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $60.90. The company has a market cap of $5.20 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.07 and a beta of 1.54. The business has a fifty day moving average price of $55.30 and a 200 day moving average price of $44.55.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on URBN shares. Barclays lifted their price objective on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 14th. Finally, Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.64.

Insider Transactions at Urban Outfitters

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

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.