Metropolitan Life Insurance Co. NY reduced its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 70.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,979 shares of the apparel retailer’s stock after selling 53,628 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Urban Outfitters were worth $806,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Urban Outfitters during the fourth quarter worth about $110,000. State of Alaska Department of Revenue acquired a new stake in Urban Outfitters during the fourth quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 1,522 shares during the last quarter. Shelton Capital Management acquired a new stake in Urban Outfitters during the fourth quarter worth about $234,000. Finally, AMP Capital Investors Ltd acquired a new stake in Urban Outfitters during the fourth quarter worth about $277,000. Hedge funds and other institutional investors own 76.74% of the company’s stock.
In related news, General Counsel Azeez Hayne sold 11,421 shares of Urban Outfitters stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $35.49, for a total value of $405,331.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott A. Belair sold 30,000 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $36.56, for a total transaction of $1,096,800.00. Following the completion of the transaction, the director now owns 2,470,000 shares of the company’s stock, valued at approximately $90,303,200. The disclosure for this sale can be found here. Insiders sold 191,865 shares of company stock valued at $6,907,509 in the last quarter. 26.30% of the stock is owned by insiders.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts expect that Urban Outfitters, Inc. will post 2.27 EPS for the current year.
URBN has been the subject of a number of recent analyst reports. Wolfe Research lifted their price target on shares of Urban Outfitters from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. BidaskClub upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Zacks Investment Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks set a $35.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a research report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.44.
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Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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