Urban Outfitters, Inc. $URBN Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,048 shares of the apparel retailer’s stock after selling 8,332 shares during the period. Legal & General Group Plc’s holdings in Urban Outfitters were worth $11,443,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of URBN. Salomon & Ludwin LLC increased its stake in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares during the period. Spire Wealth Management increased its stake in Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares during the period. Richardson Financial Services Inc. increased its stake in Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 205 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 274 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $72.57 on Thursday. The firm’s 50 day simple moving average is $69.35 and its 200-day simple moving average is $70.68. The company has a market cap of $6.21 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. On average, analysts expect that Urban Outfitters, Inc. will post 5.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URBN. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. Barclays lowered their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Bank of America lifted their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

Insider Activity at Urban Outfitters

In related news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the sale, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 32.10% of the company’s stock.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.