Massachusetts Financial Services Co. MA Sells 1,239,157 Shares of Urban Outfitters (URBN)

Massachusetts Financial Services Co. MA lowered its position in shares of Urban Outfitters (NASDAQ:URBN) by 11.9% in the 1st quarter, Holdings Channel reports. The fund owned 9,134,910 shares of the apparel retailer’s stock after selling 1,239,157 shares during the period. Massachusetts Financial Services Co. MA owned about 0.08% of Urban Outfitters worth $337,628,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in Urban Outfitters in the 4th quarter valued at about $110,000. State of Alaska Department of Revenue bought a new position in Urban Outfitters in the 4th quarter valued at about $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co bought a new position in Urban Outfitters in the 4th quarter valued at about $207,000. Finally, Shelton Capital Management bought a new position in Urban Outfitters in the 4th quarter valued at about $234,000. Institutional investors and hedge funds own 76.13% of the company’s stock.

URBN stock opened at $39.08 on Friday. The company has a market cap of $4.32 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.52.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. sell-side analysts predict that Urban Outfitters will post 2.28 EPS for the current fiscal year.

A number of brokerages recently issued reports on URBN. Robert W. Baird reiterated a “buy” rating and issued a $42.00 target price (up previously from $39.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. KeyCorp reiterated a “positive” rating and issued a $45.00 target price (up previously from $36.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. BidaskClub lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks set a $42.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday, March 7th. Finally, BMO Capital Markets reiterated a “neutral” rating and issued a $37.00 target price on shares of Urban Outfitters in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Hold” and an average target price of $32.00.

In other news, insider David W. Mccreight sold 147,319 shares of the stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $38.54, for a total value of $5,677,674.26. Following the completion of the sale, the insider now directly owns 108,900 shares of the company’s stock, valued at $4,197,006. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Azeez Hayne sold 800 shares of the stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $39.01, for a total transaction of $31,208.00. The disclosure for this sale can be found here. Insiders have sold 390,295 shares of company stock valued at $14,551,402 over the last ninety days. Insiders own 25.90% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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