AIMZ Investment Advisors LLC Cuts Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

AIMZ Investment Advisors LLC decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,856 shares of the apparel retailer’s stock after selling 350 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Urban Outfitters were worth $2,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in URBN. GAMMA Investing LLC raised its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares during the period. Quarry LP grew its stake in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after acquiring an additional 470 shares during the period. Finally, KBC Group NV grew its position in Urban Outfitters by 39.8% in the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock valued at $80,000 after acquiring an additional 594 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 31.80% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the subject of several research analyst reports. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Barclays increased their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $55.55.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $57.25 on Friday. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $60.90. The company has a market capitalization of $5.28 billion, a PE ratio of 16.40, a P/E/G ratio of 1.02 and a beta of 1.54. The company has a 50-day simple moving average of $55.85 and a two-hundred day simple moving average of $45.42.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

About Urban Outfitters

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.