Braun Stacey Associates Inc. Acquires New Shares in Urban Outfitters, Inc. $URBN

Braun Stacey Associates Inc. acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 257,326 shares of the apparel retailer’s stock, valued at approximately $19,366,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 8.0% during the fourth quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock valued at $157,000 after buying an additional 154 shares during the period. Nisa Investment Advisors LLC grew its stake in Urban Outfitters by 1.6% during the third 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. Oliver Luxxe Assets LLC increased its holdings in Urban Outfitters by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock worth $2,542,000 after acquiring an additional 181 shares during the period. Spire Wealth Management lifted its stake in Urban Outfitters by 83.3% in the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Urban Outfitters by 3.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,208 shares of the apparel retailer’s stock worth $575,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of URBN opened at $64.57 on Friday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The stock has a 50 day simple moving average of $66.82 and a two-hundred day simple moving average of $69.90. The firm has a market cap of $5.53 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.25 and a beta of 1.20.

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

Analyst Ratings Changes

A number of research analysts have recently commented on URBN shares. Telsey Advisory Group restated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research report on Thursday, February 26th. The Goldman Sachs Group began coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Barclays lifted their price target on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $86.25.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $76.57, for a total value of $816,772.19. Following the transaction, the chief executive officer owned 17,739,930 shares in the company, valued at approximately $1,358,346,440.10. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 293,517 shares of company stock worth $21,395,930 over the last quarter. 31.60% of the stock is currently owned by company insiders.

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.