JPMorgan Chase & Co. Cuts Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

JPMorgan Chase & Co. decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 27.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,892 shares of the apparel retailer's stock after selling 159,568 shares during the period. JPMorgan Chase & Co. owned about 0.47% of Urban Outfitters worth $16,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Urban Outfitters by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer's stock valued at $399,000 after buying an additional 482 shares in the last quarter. Natixis Advisors LLC boosted its stake in Urban Outfitters by 7.7% in the second quarter. Natixis Advisors LLC now owns 15,425 shares of the apparel retailer's stock valued at $633,000 after acquiring an additional 1,106 shares in the last quarter. Rhumbline Advisers grew its holdings in Urban Outfitters by 0.9% in the second quarter. Rhumbline Advisers now owns 180,474 shares of the apparel retailer's stock worth $7,408,000 after purchasing an additional 1,649 shares during the last quarter. TD Asset Management Inc increased its position in shares of Urban Outfitters by 123.7% during the second quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer's stock worth $698,000 after purchasing an additional 9,400 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Urban Outfitters by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer's stock valued at $697,000 after purchasing an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and upped their target price for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. StockNews.com downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Friday. Barclays increased their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird raised their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $49.64.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded down $0.14 during trading on Friday, hitting $56.96. 2,667,541 shares of the company's stock were exchanged, compared to its average volume of 1,891,469. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $59.05. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 1.55. The business has a 50-day simple moving average of $48.29 and a 200-day simple moving average of $42.63.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.88 earnings per share for the current fiscal year.

Urban Outfitters 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.