Tabor Asset Management LP Has $5.17 Million Stake in Urban Outfitters, Inc. $URBN

Tabor Asset Management LP cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,398 shares of the apparel retailer’s stock after selling 16,714 shares during the quarter. Urban Outfitters comprises 3.1% of Tabor Asset Management LP’s portfolio, making the stock its 14th biggest holding. Tabor Asset Management LP owned 0.08% of Urban Outfitters worth $5,171,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the period. Bank of Montreal Can grew its holdings in Urban Outfitters by 134.9% in the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after buying an additional 11,894 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Urban Outfitters by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 454,613 shares of the apparel retailer’s stock worth $32,978,000 after buying an additional 6,586 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in shares of Urban Outfitters in the second quarter valued at about $632,000. Institutional investors own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In related news, insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the transaction, the insider directly owned 1,933,859 shares of the company’s stock, valued at approximately $136,337,059.50. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 502,850 shares of company stock valued at $37,947,264 over the last ninety days. 31.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on URBN. The Goldman Sachs Group began coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target for the company. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Citigroup raised their price objective on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Guggenheim initiated coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company cut their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Price Performance

NASDAQ URBN opened at $64.48 on Tuesday. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $84.35. The business has a 50 day simple moving average of $70.80 and a 200 day simple moving average of $70.95. The stock has a market capitalization of $5.78 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.24 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company earned $1.04 EPS. Urban Outfitters’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Urban Outfitters 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.