Urban Outfitters, Inc. $URBN Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 10,765.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,241 shares of the apparel retailer’s stock after buying an additional 52,751 shares during the period. Fifth Third Bancorp’s holdings in Urban Outfitters were worth $3,373,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on URBN. Jefferies Financial Group restated a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Barclays decreased their price target on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $89.00 price objective on shares of Urban Outfitters in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Urban Outfitters has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Activity

In related news, CFO Melanie Marein-Efron sold 5,036 shares of the company’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 sale, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is owned by corporate insiders.

Urban Outfitters Price Performance

Shares of URBN stock opened at $72.98 on Monday. The business’s fifty day moving average price is $71.99 and its 200 day moving average price is $70.18. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $84.35. The firm has a market capitalization of $6.25 billion, a PE ratio of 14.01, a P/E/G ratio of 1.35 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 firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts expect that Urban Outfitters, Inc. will post 6.13 earnings per share 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.