Duality Advisers LP Sells 35,021 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Duality Advisers LP decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 64.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,558 shares of the apparel retailer’s stock after selling 35,021 shares during the quarter. Duality Advisers LP’s holdings in Urban Outfitters were worth $698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castleview Partners LLC bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $39,000. Neo Ivy Capital Management bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $81,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $112,000. CI Investments Inc. bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $159,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter valued at $226,000. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of Urban Outfitters from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $42.00 to $32.00 in a research report on Wednesday, April 17th. JPMorgan Chase & Co. cut their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. BMO Capital Markets raised their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Finally, UBS Group raised their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.67.

Urban Outfitters Stock Down 0.4 %

Shares of URBN stock opened at $39.19 on Thursday. The firm has a 50 day moving average price of $41.67 and a two-hundred day moving average price of $38.28. The company has a market capitalization of $3.66 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.53. Urban Outfitters, Inc. has a 12-month low of $25.52 and a 12-month high of $47.29.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. As a group, research analysts expect that Urban Outfitters, Inc. will post 3.51 EPS for the current year.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total transaction of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at $36,973.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at $36,973.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the completion of the transaction, the insider now directly owns 2,878 shares in the company, valued at $117,278.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,473 shares of company stock valued at $757,483. 31.80% of the stock is currently owned by company 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.