WINTON GROUP Ltd Has $730,000 Stock Position in Urban Outfitters, Inc. $URBN

WINTON GROUP Ltd lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 61.2% in the 2nd quarter, Holdings Channel reports. The firm owned 10,301 shares of the apparel retailer’s stock after selling 16,221 shares during the quarter. WINTON GROUP Ltd’s holdings in Urban Outfitters were worth $730,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its holdings in Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after buying an additional 327,453 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Urban Outfitters during the 4th quarter worth about $7,539,000. HighTower Advisors LLC boosted its stake in shares of Urban Outfitters by 883.4% during the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock worth $3,242,000 after acquiring an additional 38,700 shares in the last quarter. Norges Bank acquired a new position in shares of Urban Outfitters during the 4th quarter valued at about $44,191,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Urban Outfitters by 110.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 100,480 shares of the apparel retailer’s stock valued at $6,365,000 after acquiring an additional 52,645 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on URBN shares. The Goldman Sachs Group upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Citigroup reissued a “neutral” rating on shares of Urban Outfitters in a research report on Friday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Finally, BMO Capital Markets assumed coverage on shares of Urban Outfitters in a report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.75.

Insider Activity at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 5,700 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $80.75, for a total value of $460,275.00. Following the sale, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. The trade was a 33.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.10% of the stock is owned by company insiders.

Urban Outfitters Stock Down 2.0%

URBN stock opened at $77.01 on Tuesday. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $85.43. The company has a market cap of $6.60 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. The business’s 50-day simple moving average is $75.74 and its 200 day simple moving average is $71.62.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 earnings per share. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 6.16 EPS for the current year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.