Braun Stacey Associates Inc. Grows Position in Urban Outfitters, Inc. $URBN

Braun Stacey Associates Inc. lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 265,442 shares of the apparel retailer’s stock after purchasing an additional 8,116 shares during the period. Braun Stacey Associates Inc. owned about 0.31% of Urban Outfitters worth $16,816,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of Urban Outfitters in the first quarter valued at about $1,514,000. Delphi Management Inc. MA raised its position in Urban Outfitters by 329.0% during the 1st quarter. Delphi Management Inc. MA now owns 17,181 shares of the apparel retailer’s stock valued at $1,088,000 after purchasing an additional 13,176 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Urban Outfitters by 59.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 92,198 shares of the apparel retailer’s stock valued at $5,841,000 after purchasing an additional 34,402 shares during the last quarter. Diversified Trust Co lifted its holdings in Urban Outfitters by 12.4% in the 1st quarter. Diversified Trust Co now owns 24,258 shares of the apparel retailer’s stock worth $1,537,000 after buying an additional 2,667 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Urban Outfitters in the 4th quarter worth approximately $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Bank of America boosted their target price on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Barclays decreased their target price 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. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.18.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the business’s 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 transaction, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. This trade represents a 22.83% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 32.10% of the company’s stock.

Urban Outfitters Stock Up 3.0%

Shares of Urban Outfitters stock opened at $73.54 on Friday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.39 and a beta of 1.22. The stock’s 50-day simple moving average is $72.44 and its 200-day simple moving average is $71.17. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued 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. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that Urban Outfitters, Inc. will post 6.01 earnings per share for the current 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.