Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,822 shares of the apparel retailer’s stock after selling 1,556 shares during the period. LPL Financial LLC owned 0.12% of Urban Outfitters worth $6,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted 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 worth $25,000 after purchasing an additional 463 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Urban Outfitters in the 1st quarter worth approximately $52,000. GAMMA Investing LLC boosted its stake in Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock worth $54,000 after purchasing an additional 263 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Urban Outfitters by 2,317.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,408 shares of the apparel retailer’s stock worth $187,000 after purchasing an additional 3,267 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Urban Outfitters in the 4th quarter worth approximately $216,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the sale, the insider owned 100 shares of the company’s stock, valued at $7,259. The trade was a 99.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Azeez Hayne sold 12,856 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 in the last 90 days. 31.80% of the stock is owned by insiders.

Urban Outfitters Price Performance

URBN opened at $77.82 on Tuesday. The firm has a fifty day moving average price of $72.50 and a 200 day moving average price of $61.06. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $80.71. The stock has a market cap of $6.98 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.32 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. UBS Group lifted their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Baird R W upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Telsey Advisory Group restated a “market perform” rating and set a $72.00 price objective on shares of Urban Outfitters in a research note on Wednesday, June 11th. Finally, Robert W. Baird upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

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.