Harbor Capital Advisors Inc. Sells 35,244 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Harbor Capital Advisors Inc. decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 98.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 573 shares of the apparel retailer’s stock after selling 35,244 shares during the period. Harbor Capital Advisors Inc.’s holdings in Urban Outfitters were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in URBN. Whipplewood Advisors LLC lifted its position in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after purchasing an additional 1,125 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after buying an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on URBN shares. Morgan Stanley increased their target price on Urban Outfitters from $62.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Baird R W upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $63.00 to $78.00 in a report on Thursday, May 22nd. Robert W. Baird upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

Insider Activity

In related news, insider Azeez Hayne sold 12,856 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 4,500 shares of the business’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the sale, the chief executive officer now directly owns 13,477 shares of the company’s stock, valued at $950,398.04. This represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,156 shares of company stock worth $11,636,158. Corporate insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $70.82 on Tuesday. The company has a market capitalization of $6.35 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.02 and a beta of 1.45. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The company has a fifty day moving average of $59.64 and a 200 day moving average of $55.91.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.