Stevens Capital Management LP Reduces Position in Urban Outfitters, Inc. (URBN)

Stevens Capital Management LP lessened its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 40.7% during the first quarter, HoldingsChannel.com reports. The fund owned 22,763 shares of the apparel retailer’s stock after selling 15,620 shares during the quarter. Stevens Capital Management LP’s holdings in Urban Outfitters were worth $675,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Urban Outfitters by 6.9% during the fourth quarter. FMR LLC now owns 5,682,118 shares of the apparel retailer’s stock worth $188,646,000 after buying an additional 368,920 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Urban Outfitters by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,403,910 shares of the apparel retailer’s stock worth $113,009,000 after buying an additional 48,747 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Urban Outfitters by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock worth $102,389,000 after buying an additional 227,342 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Urban Outfitters by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 2,640,080 shares of the apparel retailer’s stock worth $107,979,000 after buying an additional 112,852 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Urban Outfitters by 41.1% during the fourth quarter. Bank of America Corp DE now owns 1,627,118 shares of the apparel retailer’s stock worth $54,020,000 after buying an additional 473,667 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

URBN has been the topic of several research reports. BidaskClub downgraded shares of Urban Outfitters from a “sell” rating to a “strong sell” rating in a report on Saturday, January 19th. Zacks Investment Research downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, January 21st. ValuEngine downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Telsey Advisory Group restated a “market perform” rating and set a $35.00 price objective (down previously from $36.00) on shares of Urban Outfitters in a report on Friday, February 8th. Finally, Deutsche Bank set a $33.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Friday, February 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.24.

Shares of URBN stock traded up $0.18 on Friday, hitting $26.97. The stock had a trading volume of 53,032 shares, compared to its average volume of 2,314,415. The company has a market cap of $2.75 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.91 and a beta of 0.53. Urban Outfitters, Inc. has a 12-month low of $25.96 and a 12-month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, equities research analysts predict that Urban Outfitters, Inc. will post 2.59 earnings per share for the current year.

In related news, COO Calvin Hollinger sold 23,813 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.13, for a total transaction of $693,672.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Frank Conforti sold 22,937 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.30, for a total transaction of $672,054.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,200 shares of company stock valued at $3,237,851. 24.80% of the stock is currently owned by corporate insiders.

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Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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