KBC Group NV Reduces Stock Position in Urban Outfitters, Inc. $URBN

KBC Group NV trimmed its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 39.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,847 shares of the apparel retailer’s stock after selling 1,187 shares during the quarter. KBC Group NV’s holdings in Urban Outfitters were worth $134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its holdings in Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after buying an additional 301 shares during the period. Federated Hermes Inc. lifted its stake in Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 687 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Urban Outfitters in the 1st quarter valued at $46,000. Parkside Financial Bank & Trust increased its stake in shares of Urban Outfitters by 32.6% in the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after acquiring an additional 237 shares during the period. Finally, Quarry LP raised its holdings in shares of Urban Outfitters by 146.2% during the first quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock worth $74,000 after purchasing an additional 842 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America upped their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Citigroup reissued a “neutral” rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Wells Fargo & Company raised their target price on Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, August 28th. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $81.09.

Insider Activity

In related news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Friday, October 10th. The shares were sold at an average price of $70.46, for a total value of $751,596.82. Following the sale, the chief executive officer owned 18,027,939 shares of the company’s stock, valued at approximately $1,270,248,581.94. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 3,400 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total transaction of $237,218.00. Following the completion of the sale, the chief executive officer directly owned 10,077 shares of the company’s stock, valued at approximately $703,072.29. The trade was a 25.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,400 shares of company stock worth $3,118,738 in the last quarter. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Up 2.7%

Shares of Urban Outfitters stock opened at $61.16 on Friday. The firm has a market cap of $5.49 billion, a PE ratio of 11.95, a P/E/G ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a twelve month low of $36.48 and a twelve month high of $80.71. The business has a 50-day moving average price of $67.54 and a 200 day moving average price of $69.56.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.Urban Outfitters’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. On average, sell-side analysts expect 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.