Seabridge Investment Advisors Lowers stake in Urban Outfitters (URBN)

Urban Outfitters (URBN) : Seabridge Investment Advisors reduced its stake in Urban Outfitters by 2.76% during the most recent quarter end. The investment management company now holds a total of 232,249 shares of Urban Outfitters which is valued at $7,267,071 after selling 6,595 shares in Urban Outfitters , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Urban Outfitters makes up approximately 1.64% of Seabridge Investment Advisors’s portfolio.

Urban Outfitters opened for trading at $31 and hit $31.41 on the upside on Friday, eventually ending the session at $31.29, with a gain of 1.00% or 0.31 points. The heightened volatility saw the trading volume jump to 9,75,596 shares. Company has a market cap of $3,673 M.

Other Hedge Funds, Including , First Quadrant L Pca added URBN to its portfolio by purchasing 133,900 company shares during the most recent quarter which is valued at $4,189,731. Urban Outfitters makes up approx 0.09% of First Quadrant L Pca’s portfolio.Gemmer Asset Management reduced its stake in URBN by selling 115 shares or 26.38% in the most recent quarter. The Hedge Fund company now holds 321 shares of URBN which is valued at $10,089. Urban Outfitters makes up approx 0.01% of Gemmer Asset Management’s portfolio.Horizon Kinetics reduced its stake in URBN by selling 10,692 shares or 41.19% in the most recent quarter. The Hedge Fund company now holds 15,268 shares of URBN which is valued at $479,873. Urban Outfitters makes up approx 0.01% of Horizon Kinetics’s portfolio.Simplex Trading reduced its stake in URBN by selling 1,617 shares or 29.45% in the most recent quarter. The Hedge Fund company now holds 3,873 shares of URBN which is valued at $121,728. Urban Outfitters makes up approx 0.02% of Simplex Trading’s portfolio.Capstone Asset Management Co reduced its stake in URBN by selling 3,990 shares or 14.93% in the most recent quarter. The Hedge Fund company now holds 22,731 shares of URBN which is valued at $714,435. Urban Outfitters makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Urban Outfitters reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.56. The company had revenue of $1013.00 million for the quarter, compared to analysts expectations of $1019.71 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Urban Outfitters. Company shares were Reiterated by RBC Capital Mkts on Apr 14, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Company shares were Reiterated by Stifel on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Company shares were Reiterated by Mizuho on Mar 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $20 .

Urban Outfitters Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s customers through retail stores Websites mobile applications catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs develops and markets young women’s contemporary casual apparel.

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