Amalgamated Bank Lowers Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Amalgamated Bank reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,724 shares of the apparel retailer’s stock after selling 296 shares during the quarter. Amalgamated Bank’s holdings in Urban Outfitters were worth $918,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Urban Outfitters by 26.9% in the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after buying an additional 785 shares in the last quarter. Ground Swell Capital LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter worth approximately $223,000. Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at $47,000. Olympiad Research LP grew its holdings in shares of Urban Outfitters by 43.7% during the 3rd quarter. Olympiad Research LP now owns 7,561 shares of the apparel retailer’s stock valued at $290,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Easterly Investment Partners LLC raised its position in Urban Outfitters by 2.2% in the 3rd quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock worth $9,925,000 after purchasing an additional 5,635 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on URBN shares. UBS Group upped their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Bank of America increased 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. Telsey Advisory Group boosted their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Robert W. Baird raised their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Urban Outfitters has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Trading Up 1.2 %

Shares of URBN opened at $58.86 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The firm’s 50-day moving average price is $55.99 and its 200-day moving average price is $45.75. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.02 and a beta of 1.54.

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