SG Americas Securities LLC Trims Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

SG Americas Securities LLC decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 45.2% in the fourth quarter, Holdings Channel reports. The firm owned 5,646 shares of the apparel retailer’s stock after selling 4,658 shares during the period. SG Americas Securities LLC’s holdings in Urban Outfitters were worth $310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the 2nd quarter worth $42,000. GAMMA Investing LLC increased its position in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters in the third quarter worth about $47,000. Finally, Quarry LP grew its stake in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on URBN. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. UBS Group lifted their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.64.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Trading Up 3.0 %

Urban Outfitters stock opened at $55.27 on Wednesday. The firm has a market cap of $5.10 billion, a PE ratio of 15.84, a P/E/G ratio of 1.14 and a beta of 1.54. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $60.90. The stock’s 50 day simple moving average is $54.37 and its two-hundred day simple moving average is $44.01.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The company 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%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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.