Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,498 shares of the apparel retailer’s stock after selling 3,075 shares during the quarter. Tidal Investments LLC’s holdings in Urban Outfitters were worth $517,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares in the last quarter. Quarry LP grew its position in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters during the second quarter worth about $42,000. Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters during the second quarter worth about $48,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters in the third quarter valued at approximately $47,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $55.09 on Monday. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $55.99. The firm has a market capitalization of $5.08 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.10 and a beta of 1.60. The company’s fifty day moving average price is $42.39 and its 200 day moving average price is $41.32.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on URBN shares. Barclays increased their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th. Finally, Morgan Stanley raised their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.27.

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.