Principal Financial Group Inc. Sells 20,492 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Principal Financial Group Inc. lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,075 shares of the apparel retailer's stock after selling 20,492 shares during the quarter. Principal Financial Group Inc. owned 0.36% of Urban Outfitters worth $12,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Marshall Wace LLP increased its position in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer's stock valued at $93,956,000 after acquiring an additional 1,230,771 shares during the period. American Century Companies Inc. increased its holdings in Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer's stock valued at $63,836,000 after purchasing an additional 264,708 shares during the period. Cerity Partners LLC bought a new position in Urban Outfitters during the 3rd quarter worth $8,340,000. Empowered Funds LLC acquired a new position in Urban Outfitters during the 3rd quarter worth about $7,789,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $7,238,000. Institutional investors own 77.61% of the company's stock.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Urban Outfitters from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Bank of America raised their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Robert W. Baird increased their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of "Hold" and an average price target of $46.27.

Urban Outfitters Stock Up 0.2 %

Shares of URBN stock traded up $0.10 during trading hours on Friday, hitting $55.81. 947,933 shares of the company's stock traded hands, compared to its average volume of 1,727,189. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.10 and a beta of 1.60. The stock's fifty day simple moving average is $44.17 and its two-hundred day simple moving average is $41.78. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $56.37.

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