Fort Pitt Capital Group LLC cut its position in the shares of Urban Outfitters, Inc. (NASDAQ: URBN) of 0.7% in the third quarter, according to the latest 13F filing with the Securities & Exchange Commission. The company has 519,163 shares from clothing retailers after selling 3,850 shares during the period. Urban Outfitters accounts for around 1.5% of the ownership of Fort Pitt Capital Group LLC, making its share the 29th largest. Fort Pitt Capital Group LLC owns around 0.48% of Urban Outfitters worth $ 21,234,000 at the end of the latest quarter.
A number of other institutional investors also recently bought and sold URBN shares. Mount Yale Investment Advisors LLC acquired new shares in Urban Outfitters in the second quarter worth around $ 109,000. Point72 Hong Kong Ltd raised its stake in Urban Outfitters' shares by 145.5% in the second quarter. Point72 Hong Kong Ltd. now owns 2,600 apparel retail shares valued at $ 116,000 after acquiring 1,541 additional shares during the period. Wealth Partners Stratos LTD. acquired new shares in Urban Outfitters in the third quarter valued at around $ 149,000. Envestnet Asset Management Inc. raised its stake in Urban Outfitters to 679.4% in the second quarter. Envestnet Asset Management Inc. now has 3,710 shares of apparel retailer shares worth $ 166,000 after buying an additional 3,234 shares during the period. Finally, Advisors Preferred LLC raised its stake in Urban Outfitters shares by 50.2% in the second quarter. Advisors Preferred LLC now has 3,780 retail apparel shares worth $ 169,000 after acquiring 1,264 additional shares during the period. 78.56% of shares are owned by hedge funds and other institutional investors.
In related news, CEO Trish Donnelly sold 19,332 shares of business shares in a transaction that occurred on Friday, August 24. Stocks are sold at an average price of $ 46.10, with a total value of $ 891,205.20. The transaction was disclosed in filing with the SEC, which can be accessed through this hyperlink. 25.90% of shares are owned by insiders.
The NASDAQ URBN opened at $ 41.36 on Friday. Urban Outfitters, Inc. has a 12-month low of $ 23.91 and a 12-month high of $ 52.50. The company has a market capitalization of $ 4.40 billion, a P / E ratio of 24.77, a price growth ratio of revenue of 1.19 and beta 0.54.
Urban Outfitters (NASDAQ: URBN) last released its profit results on Tuesday, August 21. Clothing retailers reported $ 0.84 EPS for this quarter, surpassing analyst consensus estimates of $ 0.77 to $ 0.07. Urban Outfitters has a net margin of 4.71% and a return on equity of 18.92%. The business has revenues of $ 992.50 million for this quarter, compared to consensus estimates of $ 980.19 million. During the same period in the previous year, the company earned $ 0.44 EPS. Business income for the quarter rose 13.7% year on year. On average, analysts predict that Urban Outfitters, Inc. will post 2.66 earnings per share for the current fiscal year.
A number of analysts have recently weighed on shares. Nomura raised their price target on Urban Outfitters shares from $ 40.00 to $ 43.00 and gave "neutral" shares in the research note on Wednesday, August 22. Wells Fargo & Co raised their price target on Urban Outfitters shares from $ 45.00 to $ 50.00 and gave "market doing" shares a ranking in the research note on Wednesday, August 22. Robert W. Baird lowered Urban Outfitters shares from "outperforming" ratings to "neutral" ratings and set a target price of $ 38.00 for the company. in the research note on Tuesday, August 14. They noted that the move was a judgment call. Deutsche Bank raised their price target on Urban Outfitters shares from $ 35.00 to $ 39.00 and gave "sell" shares in a research note on Wednesday, August 22. Finally, Loop Capital set a target price of $ 55.00 on Urban Outfitters shares and gave "buy" shares in a research note on Monday, August 13. Two equity research analysts have rated shares with selling points, fifteen have issued ownership ratings and eight have given buy ratings to shares. The stock has a consensus rating of "Hold" and the target price is an average of $ 45.83.
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About Urban Outfitters
Urban Outfitters, Inc., a lifestyle products and services company, is involved in retailing and wholesaling general consumer products. The company sells women's and men's fashion clothing, sportswear, intimates, shoes, accessories, household items, electronics and beauty products for young adults aged 18 to 28 years under the brand Urban Outfitters; and women's casual clothing and accessories, intimates, shoes, and home furniture, as well as gifts, decorative items, and beauty products for women aged 28 to 45 years under the Anthropologie brand.
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