UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,375 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,563 shares of the apparel retailer’s stock after selling 14,375 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Urban Outfitters worth $4,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in shares of Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after acquiring an additional 1,230,771 shares during the period. American Century Companies Inc. raised its position in Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after purchasing an additional 264,708 shares during the period. Cerity Partners LLC bought a new stake in Urban Outfitters in the third quarter worth about $8,340,000. Empowered Funds LLC purchased a new position in shares of Urban Outfitters during the third quarter valued at approximately $7,789,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $7,685,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley raised their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Robert W. Baird boosted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Barclays raised their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Finally, Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Stock Up 0.4 %

Shares of URBN stock opened at $51.77 on Friday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.06 and a beta of 1.60. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $52.68. The company’s 50 day moving average is $40.29 and its 200 day moving average is $40.82.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. Analysts anticipate that Urban Outfitters, Inc. will post 3.84 EPS for the current fiscal year.

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.