Fort Pitt Capital Group LLC has lowered its position in the Urban Outfitters, Inc. (NASDAQ: URBN) by 0.7% in the third quarter, according to the latest 13F submissions with the Securities Commission. The company had 519,163 shares of stock trading after the sale of 3,850 shares during that period. Urban Outfitters is losing about 1.5% of Fort Pitt Capital Group LLC's share, making it the 29th largest position. Fort Pitt Capital Group LLC had about 0.48% Urban Outfitters worth $ 21,234,000 at the end of the last quarter.
Numerous other institutional investors have also recently bought and sold shares of URBN. Yale Investment Advisors LLC has acquired a new stake in Urban Outfitters in the second quarter worth $ 109,000. Point72 Hong Kong Ltd raised its stake in Urban Outfitters by 145.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,600 stock of clothing stores worth $ 116,000 after acquiring additional 1,541 shares during that period. Stratos Wealth Partners LTD. bought a new stake in Urban Outfitters in the third quarter worth approximately $ 149,000. Envestnet Asset Management Inc. in the second quarter raised its stake in Urban Outfitters by 679.4%. Envestnet Asset Management Inc. now owns 3,710 shares of merchant clothing shares worth $ 166,000 after acquiring additional 3,234 shares during that period. Finally, Advisors Preferred LLC raised its stake in Urban Outfitters for 50.2% in the second quarter. Advisors Preferred LLC now owns 3,780 stock garments worth $ 169,000 after acquiring additional 1,264 shares during the period. 78.56% of the shares are owned by hedge funds and other institutional investors.
In related news, CEO Trish Donnelly sold 19,332 shares of a business deal in a transaction that took place on Friday, August 24. Shares were sold at an average price of $ 46.10 for a total value of $ 891,205.20. The transaction is revealed in DIP submission, which can be accessed through this hyperlink. 25.90% of the shares are owned by the insiders.
The NASDAQ URBN was opened on Friday at $ 41.36. Urban Outfitters, Inc. has 12 months low of $ 23.91 and 12 months high $ 52.50. The company has a market capitalization of $ 4.40 billion, a P / E ratio of 24.77, a price ratio of 1.19 and a beta of 0.54.
Urban Outfitters (NASDAQ: URBN) for the last time released earnings on Tuesday, August 21st. The clothing dealer traded EUR 0.84 per quarter, at the top of the $ 0.77 $ 0.07 consensus analyst. Urban Outfitters had a net margin of 4.71% and a return on equity of 18.92%. Business has generated revenue of $ 992.50 million per quarter, compared to a consensus estimate of $ 980.19 million. In the same period last year, the company earned 0.44 euros EPS. Operating income for the quarter increased by 13.7% over the same period last year. On average, analysts predict that Urban Outfitters, Inc. to publish 2.66 earnings per share for the current fiscal year.
Several analysts have recently measured shares. Nomura has increased its price on Urban Outfitters from $ 40.00 to $ 43.00 and gave the share of the "neutral" rating in the research note on Wednesday, August 22nd. Wells Fargo & Co increased its price range for Urban Outfitters from $ 45.00 to $ 50.00, and shares issued "market results" in a research note Wednesday, August 22nd. Robert W. Baird lowered Urban Outfit shares from the outperform rating to a "neutral" rating and set a $ 38.00 price for the company. in a research note on Tuesday, August 14th. They noticed that the move was a call for evaluation. Deutsche Bank has increased its price for Urban Outfitters from $ 35.00 to $ 39.00, and the stock sold in a research on Wednesday, August 22nd. Finally, Loop Capital set the price of $ 55.00 for Urban Outfitters shares and gave the stock rating "buy" in the research note on Monday, August 13th. Two stocks investigated by analysts rated the shares with a sell-off value, fifteen issued a purchase rating, and eight made it for the purchase. The shares have a consensus rating of "Hold" and an average price of $ 45.83.
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About Urban Outfitters
Urban Outfitters, Inc., a life products and services company, deals with retail and wholesale of general consumer products. Under the company Urban Outfitters, the company sells small apparel for women and men, fashion clothing, intimates, footwear, accessories, household goods, electronics and cosmetics; women's casual clothing and accessories, intimates, shoes and furniture as well as gifts, decorative items and cosmetic products for women aged 28 to 45 under the brand Anthropologie.
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