Delphi Management Inc. MA Purchases 13,176 Shares of Urban Outfitters, Inc. $URBN

Delphi Management Inc. MA increased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 329.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 17,181 shares of the apparel retailer’s stock after purchasing an additional 13,176 shares during the period. Delphi Management Inc. MA’s holdings in Urban Outfitters were worth $1,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. purchased a new stake in Urban Outfitters during the 4th quarter valued at $27,000. Brown Brothers Harriman & Co. grew its holdings in Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 326 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. Spire Wealth Management increased its position in shares of Urban Outfitters by 83.3% in the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Finally, Richardson Financial Services Inc. increased its position in shares of Urban Outfitters by 90.3% in the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 205 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

URBN has been the subject of a number of analyst reports. Barclays dropped their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Bank of America boosted their price target on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a research report on Thursday, May 21st. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus target price of $87.18.

Insider Activity

In other Urban Outfitters 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 transaction of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares in the company, valued at approximately $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 accessible through the SEC website. Also, insider Azeez Hayne sold 8,733 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was 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. Company insiders own 32.10% of the company’s stock.

Urban Outfitters Trading Up 1.9%

NASDAQ:URBN opened at $72.35 on Thursday. The company has a 50-day moving average price of $72.23 and a 200-day moving average price of $71.19. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.34 and a beta of 1.22. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly 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 net margin of 7.48% and a return on equity of 18.92%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. Urban Outfitters’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts forecast that Urban Outfitters, Inc. will post 6.01 EPS 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.