Maverick Capital Ltd. Cuts Stock Holdings in Urban Outfitters, Inc. $URBN

by · The Markets Daily

Maverick Capital Ltd. cut its stake in Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) by 80.9% in the second quarter, HoldingsChannel reports. The firm owned 32,655 shares of the apparel retailer’s stock after selling 138,561 shares during the quarter. Maverick Capital Ltd.’s holdings in Urban Outfitters were worth $2,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in Urban Outfitters by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 2,338,215 shares of the apparel retailer’s stock worth $169,614,000 after purchasing an additional 15,689 shares during the period. Junto Capital Management LP grew its position in shares of Urban Outfitters by 16.5% during the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after buying an additional 244,801 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Urban Outfitters by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after buying an additional 12,965 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Urban Outfitters by 27.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after buying an additional 302,444 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Urban Outfitters by 59.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after acquiring an additional 477,909 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In related news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $78.36, for a total transaction of $731,333.88. Following the completion of the sale, the insider owned 2,337,392 shares in the company, valued at $183,158,037.12. This represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Monday, December 8th. The shares were sold at an average price of $76.03, for a total transaction of $811,012.01. Following the completion of the transaction, the chief executive officer owned 17,921,269 shares in the company, valued at approximately $1,362,554,082.07. This represents a 0.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 172,733 shares of company stock valued at $12,896,352. 31.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on URBN shares. Morgan Stanley boosted their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group assumed coverage on Urban Outfitters in a report on Tuesday. They set a “neutral” rating and a $83.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.17.

Read Our Latest Report on URBN

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $81.64 on Friday. The company has a market capitalization of $7.32 billion, a P/E ratio of 15.40, a PEG ratio of 1.19 and a beta of 1.20. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $81.83. The stock has a 50-day simple moving average of $68.58 and a 200-day simple moving average of $71.19.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last released its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Urban Outfitters Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. (NASDAQ:URBN – Free Report).