Urban Outfitters, Inc. (URBN) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. lessened its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,400 shares of the apparel retailer’s stock after selling 92,200 shares during the quarter. LGT Capital Partners LTD. owned approximately 0.42% of Urban Outfitters worth $16,107,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. California Public Employees Retirement System grew its stake in shares of Urban Outfitters by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock valued at $8,898,000 after buying an additional 22,601 shares in the last quarter. Vident Investment Advisory LLC boosted its position in Urban Outfitters by 78.5% during the third quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock worth $3,283,000 after purchasing an additional 60,392 shares during the period. Magnetar Financial LLC bought a new stake in Urban Outfitters during the third quarter worth approximately $373,000. Royce & Associates LP boosted its position in Urban Outfitters by 11.8% during the third quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock worth $2,271,000 after purchasing an additional 10,000 shares during the period. Finally, Senvest Management LLC bought a new stake in Urban Outfitters during the third quarter worth approximately $36,629,000. 86.24% of the stock is currently owned by institutional investors.

Urban Outfitters, Inc. (URBN) traded up $0.57 during trading hours on Thursday, reaching $32.94. The company’s stock had a trading volume of 2,726,500 shares, compared to its average volume of 3,488,214. Urban Outfitters, Inc. has a 1 year low of $16.19 and a 1 year high of $36.10. The firm has a market capitalization of $3,590.00, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm had revenue of $892.77 million for the quarter, compared to analyst estimates of $860.64 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. sell-side analysts expect that Urban Outfitters, Inc. will post 1.56 earnings per share for the current fiscal year.

A number of brokerages have issued reports on URBN. JPMorgan Chase & Co. raised Urban Outfitters from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 21st. Wolfe Research raised Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Wednesday, November 15th. Royal Bank of Canada reaffirmed a “hold” rating and set a $21.00 target price on shares of Urban Outfitters in a research report on Monday, September 18th. Deutsche Bank cut Urban Outfitters from a “hold” rating to a “sell” rating and decreased their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.03.

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Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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