Elo Mutual Pension Insurance Co Invests $1.76 Million in Urban Outfitters, Inc. $URBN

Elo Mutual Pension Insurance Co acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,582 shares of the apparel retailer’s stock, valued at approximately $1,756,000.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Urban Outfitters by 1.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after acquiring an additional 164 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Urban Outfitters by 32.6% during the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock valued at $70,000 after purchasing an additional 237 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Urban Outfitters by 3.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,208 shares of the apparel retailer’s stock valued at $575,000 after purchasing an additional 240 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Urban Outfitters by 125.1% in the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the last quarter. Finally, Fairvoy Private Wealth LLC raised its holdings in Urban Outfitters by 2.0% in the third quarter. Fairvoy Private Wealth LLC now owns 14,174 shares of the apparel retailer’s stock worth $1,012,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a report on Thursday, February 26th. The Goldman Sachs Group initiated coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price for the company. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Finally, Guggenheim assumed coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $86.25.

Insider Transactions at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $752,023.50. Following the transaction, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at approximately $1,230,181,642.50. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $657,976.50. Following the completion of the transaction, the insider owned 1,933,859 shares of the company’s stock, valued at approximately $136,337,059.50. The trade was a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 542,850 shares of company stock valued at $41,000,064. 31.60% of the stock is currently owned by insiders.

Urban Outfitters Trading Up 1.6%

NASDAQ:URBN opened at $66.90 on Thursday. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company has a market cap of $6.00 billion, a PE ratio of 13.20, a P/E/G ratio of 1.27 and a beta of 1.22. The company’s 50 day moving average is $71.56 and its two-hundred day moving average is $71.19.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.