Los Angeles Capital Management LLC Reduces Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Los Angeles Capital Management LLC reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,822 shares of the apparel retailer’s stock after selling 4,520 shares during the period. Los Angeles Capital Management LLC’s holdings in Urban Outfitters were worth $1,553,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of URBN. Parallel Advisors LLC raised its stake in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after buying an additional 417 shares in the last quarter. Spire Wealth Management raised its stake in Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock worth $41,000 after buying an additional 1,110 shares in the last quarter. Innealta Capital LLC bought a new position in Urban Outfitters in the second quarter worth about $70,000. CWM LLC raised its stake in Urban Outfitters by 165.6% in the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after buying an additional 1,300 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after purchasing an additional 299 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on URBN shares. Barclays decreased their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Telsey Advisory Group downgraded shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $49.00 to $44.00 in a research note on Thursday, August 22nd. Wells Fargo & Company decreased their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets decreased their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Finally, Bank of America reduced their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.30.

Urban Outfitters Trading Down 3.1 %

Shares of URBN stock opened at $34.35 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $30.05 and a 12-month high of $48.90. The firm’s 50 day moving average is $41.52 and its 200 day moving average is $41.61. The stock has a market capitalization of $3.21 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.86 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $1.10 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Urban Outfitters Company 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.