Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 8.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 191,823 shares of the apparel retailer’s stock after selling 16,618 shares during the quarter. Sei Investments Co.’s holdings in Urban Outfitters were worth $7,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of URBN. UniSuper Management Pty Ltd acquired a new stake in Urban Outfitters in the first quarter worth about $537,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Urban Outfitters by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares in the last quarter. Wesbanco Bank Inc. bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $582,000. Nisa Investment Advisors LLC increased its stake in shares of Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock valued at $412,000 after acquiring an additional 531 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Urban Outfitters by 100.7% during the first quarter. Los Angeles Capital Management LLC now owns 42,342 shares of the apparel retailer’s stock worth $1,838,000 after purchasing an additional 21,248 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

URBN has been the topic of several research analyst reports. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley lowered their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Bank of America cut their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Barclays lowered their price objective on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group cut their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.30.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters 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 sale, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is owned by insiders.

Urban Outfitters Price Performance

URBN stock opened at $38.32 on Monday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.93 and a beta of 1.50. Urban Outfitters, Inc. has a 52-week low of $30.67 and a 52-week high of $48.90. The company’s 50 day simple moving average is $39.40 and its 200-day simple moving average is $41.10.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current fiscal year.

Urban Outfitters 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.