Acadian Asset Management LLC Sells 85,181 Shares of Urban Outfitters, Inc. $URBN

Acadian Asset Management LLC reduced its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 41.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,273 shares of the apparel retailer’s stock after selling 85,181 shares during the quarter. Acadian Asset Management LLC owned approximately 0.14% of Urban Outfitters worth $8,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in Urban Outfitters in the 1st quarter valued at $43,769,000. Boston Partners acquired a new stake in shares of Urban Outfitters in the first quarter valued at $18,380,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock valued at $73,212,000 after buying an additional 302,444 shares during the last quarter. Junto Capital Management LP lifted its position in Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after buying an additional 244,801 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Urban Outfitters by 11.2% during the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock worth $121,700,000 after buying an additional 233,371 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Shares of URBN stock opened at $62.93 on Thursday. The stock has a market cap of $5.64 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. The stock has a 50-day moving average of $68.77 and a 200-day moving average of $69.34. Urban Outfitters, Inc. has a one year low of $36.48 and a one year high of $80.71.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on URBN shares. Bank of America raised their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Morgan Stanley upped their price objective on Urban Outfitters from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Citigroup reiterated a “neutral” rating and issued a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Finally, Barclays restated an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $81.91.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 3,400 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total value of $237,218.00. Following the completion of the transaction, the chief executive officer directly owned 10,077 shares of the company’s stock, valued at approximately $703,072.29. The trade was a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $70.46, for a total value of $751,596.82. Following the sale, the chief executive officer directly owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. This represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,400 shares of company stock valued at $3,118,738 in the last quarter. Company insiders own 31.60% of the company’s stock.

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.