Squarepoint Ops LLC cut its holdings in Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) by 51.8% during the second quarter, Holdings Channel reports. The institutional investor owned 103,887 shares of the apparel retailer’s stock after selling 111,687 shares during the quarter. Squarepoint Ops LLC’s holdings in Urban Outfitters were worth $7,361,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after purchasing an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Urban Outfitters by 343.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after purchasing an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after buying an additional 274 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after buying an additional 22,393 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.
Urban Outfitters Trading Down 2.6%
URBN stock opened at $75.60 on Friday. The stock has a market capitalization of $6.47 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $85.43. The stock’s 50 day simple moving average is $75.43 and its 200 day simple moving average is $71.44.
Analyst Ratings Changes
URBN has been the subject of a number of recent research reports. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. BMO Capital Markets initiated coverage on Urban Outfitters in a report on Tuesday. They set a “market perform” rating and a $80.00 price target for the company. UBS Group lifted their price target on Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Barclays lifted their price target on Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $90.00 price objective on shares of Urban Outfitters in a research report on Thursday, August 27th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.75.
Check Out Our Latest Research Report on Urban Outfitters
Insider Activity at Urban Outfitters
In related news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the sale, the chief financial officer directly owned 11,323 shares of the company’s stock, valued at $914,332.25. This trade represents a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 32.10% of the stock is owned by company insiders.
Urban Outfitters Profile
Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.
The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.
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