Urban Outfitters, Inc. $URBN Shares Sold by Capula Management Ltd

Capula Management Ltd lowered its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 49.2% in the third quarter, Holdings Channel reports. The firm owned 21,466 shares of the apparel retailer’s stock after selling 20,792 shares during the period. Capula Management Ltd’s holdings in Urban Outfitters were worth $1,533,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of URBN. Root Financial Partners LLC purchased a new position in Urban Outfitters in the 3rd quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $26,000. Global Retirement Partners LLC increased its stake in Urban Outfitters by 158.4% during the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after buying an additional 282 shares in the last quarter. Kilter Group LLC acquired a new position in shares of Urban Outfitters during the second quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 274 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insiders Place Their Bets

In other news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction 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 owned 1,933,859 shares in the company, valued at $136,337,059.50. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $752,023.50. Following the transaction, the chief executive officer directly owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. The trade was a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 473,517 shares of company stock valued at $35,562,730 over the last ninety days. Corporate insiders own 31.60% of the company’s stock.

Urban Outfitters Price Performance

URBN stock opened at $63.41 on Friday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The firm has a market capitalization of $5.69 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The business has a 50 day simple moving average of $69.95 and a 200-day simple moving average of $70.66.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird set a $93.00 price target on Urban Outfitters in a research note on Wednesday, December 17th. Guggenheim started coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Wells Fargo & Company decreased 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Eight research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.25.

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.