Urban Outfitters, Inc. $URBN Position Reduced by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 89.8% during the third quarter, Holdings Channel reports. The firm owned 1,442 shares of the apparel retailer’s stock after selling 12,756 shares during the period. Sterling Capital Management LLC’s holdings in Urban Outfitters were worth $110,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $31,000. Kilter Group LLC bought a new position in shares of Urban Outfitters during the 2nd quarter worth approximately $35,000. NewEdge Advisors LLC lifted its position in shares of Urban Outfitters by 87.0% during the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after buying an additional 247 shares during the period. Root Financial Partners LLC acquired a new stake in Urban Outfitters in the 3rd quarter valued at $38,000. Finally, Farther Finance Advisors LLC boosted its stake in Urban Outfitters by 39.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer’s stock valued at $89,000 after buying an additional 331 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on URBN shares. Citigroup reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Friday, August 28th. Morgan Stanley restated an “overweight” rating and issued a $90.00 target price on shares of Urban Outfitters in a research note on Thursday, August 27th. BMO Capital Markets began coverage on shares of Urban Outfitters in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 target price on the stock. Barclays upped their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Finally, Jefferies Financial Group increased their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of “Moderate Buy” and an average price target of $90.54.

Insiders Place Their Bets

In other news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $80.75, for a total transaction of $460,275.00. Following the sale, the chief financial officer directly owned 11,323 shares of the company’s stock, valued at $914,332.25. This represents a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the sale, the director directly owned 494,315 shares in the company, valued at $43,035,063.90. This trade represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,200 shares of company stock valued at $1,161,400. Insiders own 32.10% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $90.72 on Monday. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $93.64. The stock has a market capitalization of $7.77 billion, a PE ratio of 14.15, a PEG ratio of 1.42 and a beta of 1.22. The stock’s fifty day moving average is $80.86 and its 200-day moving average is $73.12.

Urban Outfitters (NASDAQ:URBN) last issued 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. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that Urban Outfitters, Inc. will post 6.20 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.