Farther Finance Advisors LLC Trims Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Farther Finance Advisors LLC lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 26.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,591 shares of the apparel retailer’s stock after selling 918 shares during the period. Farther Finance Advisors LLC’s holdings in Urban Outfitters were worth $138,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of URBN. Whipplewood Advisors LLC lifted its stake in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 1,125 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after purchasing an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position 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 worth $146,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Activity

In other news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the sale, the chief executive officer now directly owns 13,477 shares in the company, valued at $950,398.04. The trade was a 25.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total value of $510,680.00. Following the sale, the director now owns 4,750 shares of the company’s stock, valued at $356,725. This represents a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 over the last ninety days. 31.60% of the stock is currently owned by insiders.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $67.95 on Friday. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $75.80. The business has a fifty day moving average of $61.23 and a two-hundred day moving average of $56.33. The company has a market cap of $6.09 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.16 and a beta of 1.45.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. Urban Outfitters’s revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on URBN. Bank of America lifted their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Wells Fargo & Company reiterated an “equal weight” rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $72.00 target price on shares of Urban Outfitters in a research report on Wednesday, June 11th. Baird R W raised Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

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.