WINTON GROUP Ltd Has $1.05 Million Stock Position in Urban Outfitters, Inc. $URBN

WINTON GROUP Ltd cut its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 38.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,423 shares of the apparel retailer’s stock after selling 9,159 shares during the period. WINTON GROUP Ltd’s holdings in Urban Outfitters were worth $1,046,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in shares of Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 140 shares during the period. Diversified Trust Co raised its stake in Urban Outfitters by 0.9% during the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock worth $1,429,000 after buying an additional 185 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in Urban Outfitters by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock valued at $1,205,000 after buying an additional 198 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Urban Outfitters by 32.6% in the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock valued at $70,000 after buying an additional 237 shares during the period. Finally, US Bancorp DE boosted its position in Urban Outfitters by 16.4% during the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer’s stock valued at $97,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $79.03 on Thursday. The stock has a market capitalization of $7.09 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $80.71. The stock has a 50 day moving average price of $68.41 and a two-hundred day moving average price of $71.11.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion for the quarter. Research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on URBN shares. Barclays lifted their price objective on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Wall Street Zen downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 27th. Morgan Stanley boosted their price target on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group started coverage on Urban Outfitters in a report on Tuesday. They set a “neutral” rating and a $83.00 price target on the stock. Finally, Bank of America lifted their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.17.

Insiders Place Their Bets

In other news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the transaction, the chief executive officer directly owned 18,027,939 shares in the company, valued at $1,270,248,581.94. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $73.97, for a total transaction of $690,362.01. Following the sale, the insider directly owned 2,402,723 shares of the company’s stock, valued at approximately $177,729,420.31. The trade was a 0.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,400 shares of company stock worth $12,165,018 over the last ninety days. Insiders own 31.60% of the company’s stock.

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.