Swiss National Bank Sells 900 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Swiss National Bank decreased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 144,673 shares of the apparel retailer’s stock after selling 900 shares during the quarter. Swiss National Bank owned 0.16% of Urban Outfitters worth $3,450,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in URBN. Tudor Investment Corp Et Al increased its stake in Urban Outfitters by 66.4% in the third quarter. Tudor Investment Corp Et Al now owns 59,042 shares of the apparel retailer’s stock valued at $1,160,000 after acquiring an additional 23,555 shares during the period. CHICAGO TRUST Co NA bought a new stake in Urban Outfitters in the fourth quarter valued at about $216,000. Quantamental Technologies LLC bought a new stake in Urban Outfitters in the third quarter valued at about $447,000. South Dakota Investment Council increased its stake in Urban Outfitters by 19.9% in the third quarter. South Dakota Investment Council now owns 96,359 shares of the apparel retailer’s stock valued at $1,893,000 after acquiring an additional 15,993 shares during the period. Finally, MQS Management LLC bought a new stake in Urban Outfitters in the third quarter valued at about $197,000. Institutional investors own 77.30% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $27.16 on Monday. The company’s 50 day simple moving average is $26.89 and its 200 day simple moving average is $26.74. Urban Outfitters, Inc. has a fifty-two week low of $17.81 and a fifty-two week high of $29.74. The firm has a market capitalization of $2.51 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.61 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The apparel retailer reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Urban Outfitters had a net margin of 3.33% and a return on equity of 9.46%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Sell-side analysts expect that Urban Outfitters, Inc. will post 2.46 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, COO Frank Conforti sold 42,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $27.28, for a total value of $1,145,760.00. Following the transaction, the chief operating officer now directly owns 2,361 shares in the company, valued at $64,408.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Urban Outfitters news, COO Frank Conforti sold 42,000 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $27.28, for a total value of $1,145,760.00. Following the completion of the sale, the chief operating officer now owns 2,361 shares of the company’s stock, valued at $64,408.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 16,116 shares of the company’s stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $26.25, for a total transaction of $423,045.00. The disclosure for this sale can be found here. Insiders have sold 67,189 shares of company stock worth $1,813,413 over the last ninety days. Company insiders own 31.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on URBN shares. Barclays lowered their target price on shares of Urban Outfitters from $29.00 to $27.00 in a research note on Tuesday, May 2nd. StockNews.com started coverage on shares of Urban Outfitters in a research note on Thursday. They set a “hold” rating on the stock. UBS Group cut shares of Urban Outfitters from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 29th. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $27.08.

About Urban Outfitters

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Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.