BNP Paribas Financial Markets Lowers Position in Urban Outfitters, Inc. $URBN

BNP Paribas Financial Markets cut its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 58.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,424 shares of the apparel retailer’s stock after selling 146,365 shares during the period. BNP Paribas Financial Markets’ holdings in Urban Outfitters were worth $7,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of URBN. Eurizon Capital SGR S.p.A. purchased a new position in Urban Outfitters during the fourth quarter valued at $27,000. Salomon & Ludwin LLC lifted its position in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. Spire Wealth Management lifted its position in Urban Outfitters by 83.3% during the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 205 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Urban Outfitters by 125.1% during 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 in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters News Summary

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: Urban Outfitters announced a major expansion in Pennsylvania, including plans for a new distribution facility in metro Philadelphia and roughly 1,050 new jobs, which suggests continued growth in its logistics and regional footprint. Urban Outfitters to Open New Distribution Facility in Metro Philadelphia, Add 1,050 Jobs
• Positive Sentiment: Multiple reports highlighted a $150 million investment tied to the company’s Pennsylvania headquarters and hiring wave, reinforcing confidence that Urban Outfitters is putting capital behind long-term expansion. URBN Invests $150M in Pennsylvania HQ and Hiring Wave
• Positive Sentiment: Technical traders may be encouraged by a reported “golden cross” and a move above the 20-day moving average, both of which are viewed as short-term bullish signals for the stock. Urban Outfitters (URBN) Just Flashed Golden Cross Signal: Do You Buy?
• Positive Sentiment: The latest short-interest update was essentially flat at zero shares, which does not point to meaningful bearish pressure from short sellers. Short interest update
• Neutral Sentiment: Additional local reports echoed the expansion story and job creation plans, supporting the same investment theme without adding new material information. Urban Outfitters expansion to add 1,050 jobs in Philly and Bucks County

Insider Activity

In other Urban Outfitters 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 transaction of $639,080.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This trade represents a 22.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on URBN shares. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a research report on Thursday, May 21st. Bank of America increased their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a research note on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Urban Outfitters has an average rating of “Moderate Buy” and a consensus price target of $87.18.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $73.78 on Wednesday. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35. The firm has a market capitalization of $6.32 billion, a PE ratio of 14.16, a PEG ratio of 1.36 and a beta of 1.22. The stock has a fifty day simple moving average of $70.22 and a two-hundred day simple moving average of $71.01.

Urban Outfitters (NASDAQ:URBN) last released 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 the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The business’s revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts forecast that Urban Outfitters, Inc. will post 5.97 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.