Allianz Asset Management GmbH Sells 27,671 Shares of Urban Outfitters, Inc. $URBN

Allianz Asset Management GmbH cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 38.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,060 shares of the apparel retailer’s stock after selling 27,671 shares during the period. Allianz Asset Management GmbH owned about 0.05% of Urban Outfitters worth $3,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in URBN. Nuveen LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth $43,769,000. Boston Partners bought a new position in shares of Urban Outfitters in the 1st quarter worth $18,380,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after acquiring an additional 302,444 shares in the last quarter. Junto Capital Management LP raised its position in shares of Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after acquiring an additional 244,801 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock worth $121,700,000 after acquiring an additional 233,371 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on URBN. Citigroup reissued a “neutral” rating and issued a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Wells Fargo & Company boosted their target price on Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Telsey Advisory Group boosted their target price on Urban Outfitters from $72.00 to $80.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. UBS Group boosted their target price on Urban Outfitters from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.91.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $67.77 on Friday. The business’s 50-day simple moving average is $71.00 and its two-hundred day simple moving average is $67.68. The company has a market cap of $6.08 billion, a PE ratio of 13.24, a PEG ratio of 1.06 and a beta of 1.26. Urban Outfitters, Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $80.71.

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

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the sale, the director owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 3,400 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the sale, the chief executive officer owned 10,077 shares in the company, valued at approximately $703,072.29. The trade was a 25.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,400 shares of company stock worth $3,118,738. 31.60% of the stock is currently owned by insiders.

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.