SG Americas Securities LLC increased its holdings in Urban Outfitters (NASDAQ:URBN – free report ) by 22.7% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The fund bought an additional 2,549 shares during the quarter, bringing its holdings to 13,786 shares of the apparel retailer. SG Americas Securities LLC’s holdings of Urban Outfitters stock were valued at $599,000 as of the latest filing with the Securities and Exchange Commission.
Other hedge funds and institutional investors have also recently added to or reduced their holdings of the company. Texas Permanent School Fund increased its stake in Urban Outfitters by 1.3% in the first quarter. Texas Permanent School Fund now owns 49,534 shares of the apparel retailer, valued at $2,151,000, after purchasing an additional 646 shares in the last quarter. Hussman Strategic Advisors increased its stake in Urban Outfitters by 33.3% in the first quarter. Hussman Strategic Advisors now owns 84,000 shares of the apparel retailer, valued at $3,647,000, after purchasing an additional 21,000 shares in the last quarter. Capstone Investment Advisors increased its stake in Urban Outfitters by 2,681.7% in the first quarter. Capstone Investment Advisors LLC now owns 58,914 shares of the apparel retailer’s stock valued at $2,558,000 after purchasing an additional 61,196 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Urban Outfitters by 5.7% in the first quarter. Principal Financial Group Inc. now owns 355,215 shares of the apparel retailer’s stock valued at $15,423,000 after purchasing an additional 19,229 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in Urban Outfitters in the first quarter for $240,000. 77.61% of the stock is now owned by institutional investors.
Insider Trading at Urban Outfitters
In related news, Director Harry S. Chelken Jr. sold 5,000 shares of the company’s stock in a transaction 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 sale, the Director now directly owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In related news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed on the SEC’s website. Additionally, Director, Harry S. Chelken, Jr. sold 5,000 shares of the stock in a transaction 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 sale, the Director now directly owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The disclosure for this sale can be found here. Insiders now own 31.80% of the company’s stock.
Analyst Rating Changes
Several equity research analysts have recently commented on URBN shares. Morgan Stanley increased their price target on Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Jefferies Financial Group increased their price target on Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a report on Wednesday, May 22nd. UBS Group raised their price target on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Finally, Telsey Advisory Group boosted their price objective on Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22. One research analyst has rated the stock with a sell rating, eight have rated it with a hold rating, and three have rated it with a buy rating. According to MarketBeat.com, the company’s current consensus rating is a “hold” with a consensus target price of $43.18.
Read the latest URBN research report
Urban Outfitters Price Performance
NASDAQ:URBN opened trading at $46.43 on Friday. The company’s 50-day moving average price is $43.14 and its 200-day moving average price is $41.49. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio (PE) of 14.83, a price-to-earnings ratio (PE/G) of 1.13 and a beta of 1.51. Urban Outfitters, Inc.’s low over the past year is $30.05 and its high over the past year is $48.90.
Urban Outfitters (NASDAQ:URBN – Get free report ) last released its earnings results on Tuesday, May 21st. The apparel retailer reported quarterly earnings per share of $0.69, beating analysts’ consensus estimates of $0.49 by $0.20. The company’s quarterly revenue was $1.20 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 revenue grew 8.1% year-over-year. The company’s EPS was $0.56 in the same quarter last year. Equity analysts expect that Urban Outfitters will post 3.57 EPS for the current fiscal year.
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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