Charles Schwab Investment Management Inc. Cuts Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,114,269 shares of the apparel retailer's stock after selling 20,425 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.21% of Urban Outfitters worth $42,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Urban Outfitters by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer's stock worth $1,442,000 after purchasing an additional 2,307 shares during the period. Tidal Investments LLC boosted its stake in Urban Outfitters by 5.8% during the first quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer's stock valued at $807,000 after buying an additional 1,016 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Urban Outfitters by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer's stock valued at $1,901,000 after buying an additional 34,350 shares in the last quarter. CWM LLC increased its stake in Urban Outfitters by 165.6% in the 2nd quarter. CWM LLC now owns 2,085 shares of the apparel retailer's stock worth $86,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $582,000. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded up $2.32 during trading on Monday, reaching $51.05. 3,620,374 shares of the company were exchanged, compared to its average volume of 1,719,928. The business's fifty day simple moving average is $37.88 and its 200-day simple moving average is $40.19. The firm has a market capitalization of $4.71 billion, a PE ratio of 14.54, a P/E/G ratio of 1.10 and a beta of 1.50. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $51.38.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.82 by $0.28. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.79 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on URBN shares. Barclays boosted their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price objective for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Robert W. Baird lifted their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Jefferies Financial Group cut their target price on Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating on the stock in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company raised their price target on Urban Outfitters from $40.00 to $48.00 and gave the stock an "equal weight" rating in a research 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.