Tabor Asset Management LP Sells 49,588 Shares of Urban Outfitters, Inc. $URBN

Tabor Asset Management LP trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 35.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,112 shares of the apparel retailer’s stock after selling 49,588 shares during the period. Urban Outfitters accounts for approximately 4.4% of Tabor Asset Management LP’s holdings, making the stock its 4th largest holding. Tabor Asset Management LP owned approximately 0.10% of Urban Outfitters worth $6,464,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in shares of Urban Outfitters by 11.7% during the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 140 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Urban Outfitters by 0.9% in the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock valued at $1,429,000 after buying an additional 185 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Urban Outfitters by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock worth $1,205,000 after buying an additional 198 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock worth $545,000 after acquiring an additional 203 shares during the last quarter. Finally, Xponance Inc. increased its position in Urban Outfitters by 4.9% in the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock valued at $251,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Up 2.2%

NASDAQ URBN opened at $63.90 on Friday. Urban Outfitters, Inc. has a 12 month low of $36.48 and a 12 month high of $80.71. The stock has a 50-day simple moving average of $69.08 and a 200 day simple moving average of $68.97. The company has a market capitalization of $5.73 billion, a PE ratio of 12.48, a P/E/G ratio of 1.04 and a beta of 1.28.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Zacks Research raised Urban Outfitters from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Morgan Stanley lifted their target price on Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Wells Fargo & Company boosted their target price on Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average target price of $81.91.

Insider Buying and Selling

In related news, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the sale, the chief executive officer directly owned 18,027,939 shares of the company’s stock, valued at $1,270,248,581.94. The trade was a 0.06% 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 valued at $3,118,738 in the last 90 days. 31.60% of the stock is owned by insiders.

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.