MetLife Investment Management LLC Sells 1,699 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Posted by Defense World Staff on Mar 2nd, 2023

MetLife Investment Management LLC decreased its stake in Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,522 shares of the apparel retailer’s stock after selling 1,699 shares during the period. MetLife Investment Management LLC’s holdings in Urban Outfitters were worth $698,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Turtle Creek Asset Management Inc. grew its holdings in shares of Urban Outfitters by 1.0% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 7,264,757 shares of the apparel retailer’s stock valued at $142,752,000 after acquiring an additional 69,850 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Urban Outfitters by 663.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,840 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 2,468 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Urban Outfitters by 16.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,807,788 shares of the apparel retailer’s stock valued at $114,124,000 after purchasing an additional 830,302 shares during the last quarter. MQS Management LLC acquired a new stake in Urban Outfitters in the 3rd quarter valued at about $197,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Urban Outfitters by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,445,032 shares of the apparel retailer’s stock valued at $106,995,000 after purchasing an additional 73,048 shares during the last quarter. Institutional investors own 77.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on URBN shares. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday. TheStreet downgraded shares of Urban Outfitters from a “b-” rating to a “c” rating in a research report on Thursday, December 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Urban Outfitters from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, January 11th. Robert W. Baird raised their price objective on shares of Urban Outfitters from $23.00 to $26.00 in a research report on Tuesday, November 22nd. Finally, Morgan Stanley raised their price objective on shares of Urban Outfitters from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 15th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $27.08.

Urban Outfitters Trading Up 1.2 %

Shares of URBN opened at $27.28 on Thursday. Urban Outfitters, Inc. has a 12 month low of $17.81 and a 12 month high of $29.74. The firm’s 50 day moving average is $26.65 and its 200-day moving average is $24.75. The stock has a market capitalization of $2.51 billion, a PE ratio of 15.33, a P/E/G ratio of 0.65 and a beta of 1.46.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 9,073 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $26.96, for a total value of $244,608.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 28.90% of the company’s stock.

Urban Outfitters Company Profile

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Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.