Fort Pitt Capital Group LLC Has $21.23 Million Holdings in Urban Outfitters, Inc. (URBN)

Fort Pitt Capital Group LLC trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 519,163 shares of the apparel retailer’s stock after selling 3,850 shares during the period. Urban Outfitters accounts for approximately 1.5% of Fort Pitt Capital Group LLC’s holdings, making the stock its 29th biggest position. Fort Pitt Capital Group LLC owned approximately 0.48% of Urban Outfitters worth $21,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of URBN. Mount Yale Investment Advisors LLC acquired a new stake in shares of Urban Outfitters in the 2nd quarter worth approximately $109,000. Point72 Hong Kong Ltd lifted its stake in shares of Urban Outfitters by 145.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock worth $116,000 after acquiring an additional 1,541 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Urban Outfitters in the 3rd quarter worth approximately $149,000. Envestnet Asset Management Inc. lifted its stake in shares of Urban Outfitters by 679.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,710 shares of the apparel retailer’s stock worth $166,000 after acquiring an additional 3,234 shares during the period. Finally, Advisors Preferred LLC lifted its stake in shares of Urban Outfitters by 50.2% in the 2nd quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock worth $169,000 after acquiring an additional 1,264 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Trish Donnelly sold 19,332 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $46.10, for a total value of $891,205.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 25.90% of the stock is owned by insiders.

NASDAQ URBN opened at $41.36 on Friday. Urban Outfitters, Inc. has a 12 month low of $23.91 and a 12 month high of $52.50. The company has a market capitalization of $4.40 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.54.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 21st. The apparel retailer reported $0.84 EPS for the quarter, topping badysts’ consensus estimates of $0.77 by $0.07. Urban Outfitters had a net margin of 4.71% and a return on equity of 18.92%. The business had revenue of $992.50 million for the quarter, compared to the consensus estimate of $980.19 million. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, badysts predict that Urban Outfitters, Inc. will post 2.66 earnings per share for the current fiscal year.

A number of badysts have recently weighed in on the stock. Nomura upped their price target on shares of Urban Outfitters from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 22nd. Wells Fargo & Co upped their price target on shares of Urban Outfitters from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Robert W. Baird lowered shares of Urban Outfitters from an “outperform” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Deutsche Bank upped their price target on shares of Urban Outfitters from $35.00 to $39.00 and gave the stock a “sell” rating in a research note on Wednesday, August 22nd. Finally, Loop Capital set a $55.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, August 13th. Two equities research badysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.83.

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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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