BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in Urban Outfitters, Inc. $URBN

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 27.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 355,747 shares of the apparel retailer’s stock after acquiring an additional 75,984 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Urban Outfitters were worth $26,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new position in shares of Urban Outfitters during the 4th quarter worth about $27,000. Salomon & Ludwin LLC lifted its holdings in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Spire Wealth Management lifted its holdings in Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 205 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 274 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 8,733 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the sale, the chief financial officer owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 32.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on URBN shares. JPMorgan Chase & Co. lifted their price objective on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Barclays decreased their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. Jefferies Financial Group restated a “hold” rating and issued a $72.00 price target on shares of Urban Outfitters in a report on Thursday, May 21st. Finally, Wells Fargo & Company lowered their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

Urban Outfitters Trading Down 2.2%

Shares of NASDAQ URBN opened at $71.30 on Friday. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35. The company has a 50 day simple moving average of $69.77 and a two-hundred day simple moving average of $70.77. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.38 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the business posted $1.16 EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts forecast that Urban Outfitters, Inc. will post 5.97 EPS for the current year.

Urban Outfitters Company 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.