Urban Outfitters, Inc. $URBN Stock Position Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 23.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 981,130 shares of the apparel retailer’s stock after purchasing an additional 189,454 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Urban Outfitters were worth $62,155,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its stake in Urban Outfitters by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after buying an additional 148 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares in the last quarter. Lido Advisors LLC boosted its holdings in Urban Outfitters by 2.7% during the fourth quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after buying an additional 193 shares in the last quarter. Spire Wealth Management grew its holdings 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 worth $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Richardson Financial Services Inc. raised 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 worth $33,000 after buying an additional 205 shares during the period. 77.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

URBN has been the subject of a number of research analyst reports. Bank of America increased their target price on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Barclays cut their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a report on Thursday, May 21st. Finally, Zacks Research upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.91.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction on Friday, May 22nd. The stock was 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 in the company, valued at approximately $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.

Urban Outfitters Price Performance

Shares of URBN opened at $72.61 on Tuesday. The business’s 50 day simple moving average is $72.50 and its 200-day simple moving average is $70.01. The company has a market capitalization of $6.22 billion, a P/E ratio of 13.94, a PEG ratio of 1.29 and a beta of 1.22. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 6.13 EPS for the current fiscal 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.