Cetera Investment Advisers Sells 1,227 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Cetera Investment Advisers reduced its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,208 shares of the apparel retailer’s stock after selling 1,227 shares during the quarter. Cetera Investment Advisers’ holdings in Urban Outfitters were worth $744,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its holdings in Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after buying an additional 463 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Urban Outfitters in the 1st quarter worth $52,000. GAMMA Investing LLC boosted its stake in shares of Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock worth $54,000 after acquiring an additional 263 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Urban Outfitters by 2,317.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,408 shares of the apparel retailer’s stock worth $187,000 after acquiring an additional 3,267 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Urban Outfitters during the 4th quarter valued at $216,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 4,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer directly owned 13,477 shares of the company’s stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Azeez Hayne sold 12,856 shares of the firm’s stock in a transaction dated 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 sold 159,156 shares of company stock worth $11,636,158 in the last 90 days. Insiders own 31.60% of the company’s stock.

Urban Outfitters Price Performance

URBN stock opened at $77.29 on Friday. The company has a fifty day moving average price of $72.94 and a 200 day moving average price of $61.46. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $80.71. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results 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. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $78.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Wells Fargo & Company reissued an “equal weight” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Baird R W raised shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, BMO Capital Markets set a $76.00 target price on shares of Urban Outfitters and gave the company a “market perform” 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, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Urban Outfitters 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.