Intech Investment Management LLC Boosts Stake in Urban Outfitters, Inc. $URBN

Intech Investment Management LLC boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 187.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,049 shares of the apparel retailer’s stock after buying an additional 75,714 shares during the period. Intech Investment Management LLC’s holdings in Urban Outfitters were worth $8,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after buying an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after buying an additional 13,554 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Urban Outfitters by 343.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after buying an additional 1,886 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after buying an additional 274 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Urban Outfitters by 14.0% during the second quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after buying an additional 22,393 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 2.9%

Shares of URBN opened at $72.65 on Friday. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35. The stock has a fifty day moving average price of $68.83 and a 200-day moving average price of $70.42. The firm has a market cap of $6.22 billion, a PE ratio of 13.94, a P/E/G ratio of 1.42 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last issued 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 return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters, Inc. will post 5.97 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th. Barclays lowered their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Wells Fargo & Company decreased their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 price objective on shares of Urban Outfitters in a report on Thursday, May 21st. Finally, Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.18.

About Urban Outfitters

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.