Danske Bank A S Decreases Stock Holdings in Urban Outfitters, Inc. $URBN

Danske Bank A S trimmed its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 77.9% during the fourth quarter, HoldingsChannel reports. The firm owned 12,466 shares of the apparel retailer’s stock after selling 43,975 shares during the period. Danske Bank A S’s holdings in Urban Outfitters were worth $938,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Jennison Associates LLC purchased a new position in Urban Outfitters in the 4th quarter worth approximately $852,000. State of New Jersey Common Pension Fund D lifted its stake in Urban Outfitters by 22.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 35,134 shares of the apparel retailer’s stock worth $2,644,000 after purchasing an additional 6,347 shares in the last quarter. Torren Management LLC purchased a new position in Urban Outfitters in the 4th quarter worth approximately $39,000. UBS Group AG lifted its stake in Urban Outfitters by 339.3% in the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock worth $48,276,000 after purchasing an additional 495,441 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in Urban Outfitters by 144.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 11,431 shares of the apparel retailer’s stock worth $860,000 after purchasing an additional 6,761 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $70.05 on Wednesday. The company has a 50 day simple moving average of $66.72 and a 200-day simple moving average of $69.78. The company has a market capitalization of $6.00 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.31 and a beta of 1.23. Urban Outfitters, Inc. has a 1 year low of $51.12 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. As a group, research analysts expect that Urban Outfitters, Inc. will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on URBN shares. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Barclays raised their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Telsey Advisory Group restated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.25.

Insider Buying and Selling

In related news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total transaction of $663,856.29. Following the completion of the transaction, the insider owned 1,987,950 shares of the company’s stock, valued at approximately $141,402,883.50. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $752,023.50. Following the transaction, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. 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 a total of 44,682 shares of company stock valued at $3,160,808 in the last ninety days. 32.10% of the stock is currently owned by corporate insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.