Amalgamated Bank Sells 558 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Amalgamated Bank lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,020 shares of the apparel retailer’s stock after selling 558 shares during the period. Amalgamated Bank’s holdings in Urban Outfitters were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. QRG Capital Management Inc. raised its stake in Urban Outfitters by 2.4% in the 2nd quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock valued at $383,000 after acquiring an additional 221 shares during the period. Evergreen Capital Management LLC raised its stake in Urban Outfitters by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after acquiring an additional 258 shares during the period. Signaturefd LLC raised its stake in Urban Outfitters by 15.5% in the 2nd quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after acquiring an additional 299 shares during the period. Blue Trust Inc. raised its stake in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System raised its stake in Urban Outfitters by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 401 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

URBN opened at $38.22 on Friday. The firm has a market cap of $3.53 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50. Urban Outfitters, Inc. has a 52-week low of $31.37 and a 52-week high of $48.90. The business’s fifty day moving average is $36.83 and its 200-day moving average is $40.14.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. On average, research analysts predict that Urban Outfitters, Inc. will post 3.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on URBN. Morgan Stanley decreased their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Bank of America decreased their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Wells Fargo & Company decreased their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Finally, Jefferies Financial Group decreased their price objective on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.30.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.80% of the stock is currently owned by insiders.

Urban Outfitters 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.