Fieldview Capital Management LLC Reduces Stock Holdings in Urban Outfitters, Inc. $URBN

Fieldview Capital Management LLC lowered its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 48.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,610 shares of the apparel retailer’s stock after selling 17,204 shares during the quarter. Fieldview Capital Management LLC’s holdings in Urban Outfitters were worth $1,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URBN. Allianz Asset Management GmbH raised its stake in shares of Urban Outfitters by 316.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 187,660 shares of the apparel retailer’s stock valued at $13,405,000 after buying an additional 142,600 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Urban Outfitters in the third quarter worth about $5,917,000. Oak Harvest Investment Services boosted its stake in shares of Urban Outfitters by 203.1% in the third quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock worth $2,165,000 after buying an additional 20,313 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Urban Outfitters by 17.4% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer’s stock worth $19,983,000 after acquiring an additional 41,559 shares during the period. Finally, Bank of Montreal Can grew its holdings in Urban Outfitters by 134.9% during the second quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after acquiring an additional 11,894 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $82.66, for a total value of $881,734.22. Following the transaction, the chief executive officer directly owned 17,889,268 shares of the company’s stock, valued at approximately $1,478,726,892.88. This trade represents a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 502,850 shares of company stock worth $37,947,264. 31.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on URBN shares. Wells Fargo & Company decreased their price target on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Citigroup raised their target price on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $64.48 on Tuesday. The firm has a fifty day moving average of $70.80 and a 200 day moving average of $70.95. The firm has a market cap of $5.78 billion, a PE ratio of 12.72, a PEG ratio of 1.24 and a beta of 1.23. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the firm posted $1.04 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.