Voloridge Investment Management LLC Purchases Shares of 337,338 Urban Outfitters, Inc. (NASDAQ:URBN)

Voloridge Investment Management LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 337,338 shares of the apparel retailer’s stock, valued at approximately $18,513,000.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after acquiring an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after acquiring an additional 470 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Urban Outfitters by 159.5% during the fourth quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer’s stock valued at $151,000 after purchasing an additional 1,692 shares during the period. Institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. The trade was a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock worth $1,663,713 in the last quarter. Insiders own 31.60% of the company’s stock.

Urban Outfitters Price Performance

URBN opened at $73.21 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $73.68. The firm has a market capitalization of $6.78 billion, a PE ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.33. The company’s 50-day moving average is $52.36 and its 200 day moving average is $52.01.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on URBN shares. Jefferies Financial Group reiterated an “underperform” rating and set a $46.00 price objective (up previously from $42.00) on shares of Urban Outfitters in a report on Wednesday. Morgan Stanley upped their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup dropped their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a “market perform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.45.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.