Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Comerica Bank

Comerica Bank cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) by 15.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,216 shares of the apparel retailer’s stock after selling 8,421 shares during the quarter. Comerica Bank’s holdings in Urban Outfitters were worth $1,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Turtle Creek Asset Management Inc. boosted its stake in Urban Outfitters by 29.4% during the second quarter. Turtle Creek Asset Management Inc. now owns 7,194,907 shares of the apparel retailer’s stock valued at $134,257,000 after buying an additional 1,634,400 shares in the last quarter. Shapiro Capital Management LLC lifted its holdings in Urban Outfitters by 4.6% in the 1st quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock valued at $237,867,000 after acquiring an additional 420,001 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Urban Outfitters by 7.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,371,984 shares of the apparel retailer’s stock valued at $100,241,000 after acquiring an additional 381,331 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Urban Outfitters by 62.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 986,014 shares of the apparel retailer’s stock valued at $24,759,000 after purchasing an additional 380,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Urban Outfitters by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer’s stock worth $101,382,000 after purchasing an additional 318,211 shares during the last quarter. Institutional investors own 77.30% of the company’s stock.

Urban Outfitters Price Performance

Shares of URBN opened at $26.99 on Wednesday. The business’s 50-day moving average is $26.65 and its 200-day moving average is $23.50. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.86 and a beta of 1.41. Urban Outfitters, Inc. has a fifty-two week low of $17.81 and a fifty-two week high of $30.52.

Urban Outfitters (NASDAQ:URBN – Get Rating) last released its quarterly earnings data on Monday, November 21st. The apparel retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Urban Outfitters had a net margin of 3.57% and a return on equity of 9.83%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. Equities research analysts expect that Urban Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 4,095 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The stock was sold at an average price of $25.02, for a total transaction of $102,456.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Azeez Hayne sold 4,095 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $25.02, for a total transaction of $102,456.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Frank Conforti sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer now directly owns 25,960 shares of the company’s stock, valued at approximately $649,000. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Urban Outfitters in a report on Wednesday, October 12th. They set a “hold” rating for the company. BMO Capital Markets lifted their target price on Urban Outfitters from $19.00 to $24.00 and gave the stock a “market perform” rating in a report on Tuesday, November 22nd. UBS Group set a $25.00 target price on Urban Outfitters in a research report on Wednesday, November 23rd. Telsey Advisory Group increased their price target on Urban Outfitters from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, November 22nd. Finally, Barclays boosted their price objective on Urban Outfitters from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, January 13th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $26.97.

About Urban Outfitters

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Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.