Urban Outfitters, Inc. (NASDAQ:URBN) Position Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,909 shares of the apparel retailer’s stock after selling 570 shares during the period. Yousif Capital Management LLC’s holdings in Urban Outfitters were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its holdings in Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares in the last quarter. American Century Companies Inc. raised its holdings in Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock valued at $114,653,000 after buying an additional 173,082 shares in the last quarter. Junto Capital Management LP raised its holdings in Urban Outfitters by 0.9% during the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer’s stock valued at $81,422,000 after buying an additional 13,820 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after buying an additional 60,697 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer’s stock valued at $60,079,000 after buying an additional 1,094,134 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised their target price on Urban Outfitters from $59.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. UBS Group raised their price target on Urban Outfitters from $54.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Baird R W raised Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, Bank of America raised their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

Insider Activity

In other news, CEO Tricia D. Smith sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer now directly owns 13,477 shares in the company, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Margaret Hayne sold 80,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total value of $5,807,200.00. Following the sale, the insider now owns 100 shares in the company, valued at approximately $7,259. This trade represents a 99.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,156 shares of company stock worth $11,636,158. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Down 0.9%

Shares of URBN opened at $68.86 on Thursday. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $75.80. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.17 and a beta of 1.45. The stock’s 50-day moving average price is $60.39 and its 200 day moving average price is $56.09.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Urban Outfitters Company Profile

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.