Thrivent Financial for Lutherans trimmed its stake in Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) by 31.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 61,456 shares of the apparel retailer’s stock after selling 28,472 shares during the period. Thrivent Financial for Lutherans’ holdings in Urban Outfitters were worth $1,466,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Captrust Financial Advisors boosted its stake in Urban Outfitters by 148.5% during the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock worth $29,000 after buying an additional 916 shares during the period. Quadrant Capital Group LLC grew its holdings in Urban Outfitters by 663.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,840 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 2,468 shares during the last quarter. KBC Group NV purchased a new stake in Urban Outfitters in the 3rd quarter worth about $98,000. Public Employees Retirement System of Ohio raised its position in Urban Outfitters by 5.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,767 shares of the apparel retailer’s stock worth $192,000 after purchasing an additional 545 shares during the period. Finally, MQS Management LLC bought a new stake in Urban Outfitters in the third quarter worth about $197,000. Hedge funds and other institutional investors own 77.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on URBN shares. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 23rd. Telsey Advisory Group lifted their target price on Urban Outfitters from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 1st. Barclays lowered their target price on shares of Urban Outfitters from $29.00 to $27.00 in a research note on Tuesday, May 2nd. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, February 15th. Finally, UBS Group cut shares of Urban Outfitters from a “neutral” rating to a “sell” rating in a research report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.08.
Urban Outfitters Stock Down 4.4 %
Urban Outfitters (NASDAQ:URBN – Get Rating) last announced its earnings results on Tuesday, February 28th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Urban Outfitters had a return on equity of 9.46% and a net margin of 3.33%. Analysts anticipate that Urban Outfitters, Inc. will post 2.46 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Azeez Hayne sold 16,116 shares of the firm’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $26.25, for a total value of $423,045.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Azeez Hayne sold 16,116 shares of the stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $26.25, for a total transaction of $423,045.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Frank Conforti sold 42,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was 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 directly owns 2,361 shares of the company’s stock, valued at approximately $64,408.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,189 shares of company stock worth $1,813,413. 31.90% of the stock is owned by corporate insiders.
About Urban Outfitters
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.
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