Virtu Financial LLC Invests $732,000 in Urban Outfitters, Inc. $URBN

Virtu Financial LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,732 shares of the apparel retailer’s stock, valued at approximately $732,000.

Other institutional investors have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new position in shares of Urban Outfitters in the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. increased its holdings in Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares during the period. Spire Wealth Management boosted its holdings in shares of Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its position in shares of Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after buying an additional 205 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Down 4.8%

Shares of Urban Outfitters stock opened at $72.75 on Tuesday. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $84.35. The business has a 50 day moving average price of $72.08 and a 200-day moving average price of $71.27. The company has a market cap of $6.23 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.Urban Outfitters’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 6.01 EPS for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of Urban Outfitters stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the transaction, the chief financial officer owned 17,023 shares in the company, valued at $1,249,828.66. The trade was a 22.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th. Wells Fargo & Company dropped their price target on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Bank of America boosted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $72.00 target price on shares of Urban Outfitters in a report on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.18.

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.