Unisuper Management Inc. bought a new stake in Urban Outfitters Inc. (NASDAQ:URBN – FREE REPORT ) during the first quarter, according to the latest filing with the Securities and Exchange Commission. The institutional investor purchased 12,362 shares of the apparel retailer’s stock worth about $537,000.
A number of other institutional investors also added to or reduced their holdings in the stock. Parallel Advisors increased its holdings in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors now owns 882 shares of the apparel retailer’s stock, valued at $31,000, after acquiring an additional 417 shares in the last quarter. Raymond James Financial Services Advisors increased its holdings in Urban Outfitters by 1.9% in the first quarter. Raymond James Financial Services Advisors now owns 32,863 shares of the apparel retailer’s stock, valued at $1,427,000, after purchasing an additional 603 shares during the period. Allspring Global Investments Holdings increased its holdings in Urban Outfitters by 5.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,713 shares of the apparel retailer’s stock valued at $418,000 after purchasing an additional 621 shares during the period. Texas Permanent School Fund Corp increased its holdings in Urban Outfitters by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 49,534 shares of the apparel retailer’s stock valued at $2,151,000 after purchasing an additional 646 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Urban Outfitters’ stock by 7.5% in the first quarter. ProShare Advisors LLC now owns 12,712 shares of the apparel retailer’s stock valued at $552,000 after purchasing an additional 889 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s shares.
Urban Outfitters Price Performance
Nasdaq URBN shares opened at $45.20 on Friday. The company has a market capitalization of $4.22 billion, a P/E ratio of 14.44, a PEG ratio of 1.10 and a beta of 1.51. Urban Outfitters has a one-year low of $30.05 and a one-year high of $48.90. The company’s 50-day simple moving average is $43.46 and its 200-day simple moving average is $41.79.
Urban Outfitters (NASDAQ:URBN – Get free report ) last released its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported quarterly earnings per share (EPS) of $0.69, beating the consensus estimate of $0.49 by $0.20. The business had quarterly revenue of $1.2 billion, beating the consensus estimate of $1.18 billion. Urban Outfitters had net margins of 5.66% and return on equity of 15.36%. The company’s quarterly revenue grew 8.1% year over year. Year-over-year earnings per share were $0.56. Equity research analysts expect Urban Outfitters to post EPS of 3.57 for the current year.
Insider Activities
In other news, Director Harry S. Chelken Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction value of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In related news, Director Harry S. Chelken Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction value of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. Additionally, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction that took place on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction value of $583,541.26. The disclosure for this sale can be found here. The insider owns 31.80% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on URBN shares. Robert W. Baird increased their price target on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. UBS Group increased their price target on Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Jefferies Financial Group increased their price target on Urban Outfitters from $32.00 to $35.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. Barclays boosted their price target on Urban Outfitters from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, June 18th. Finally, Telsey Advisory Group boosted their price target on Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, and three have given a buy rating. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “hold” and a consensus price target of $43.18.
Read the latest Urban Outfitters stock report
About Urban Outfitters
(Free report)
Urban Outfitters, Inc. is a retail and wholesale consumer goods company. It operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, activewear, innerwear, footwear, accessories, home goods, electronics, and beauty products to young people ages 18-28, and Anthropologie stores, which offer women’s apparel, accessories, innerwear, shoes, home furnishings, as well as gifts, decor, and beauty and health products to women ages 28-45.
References
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