2,820 Shares in Urban Outfitters, Inc. $URBN Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,820 shares of the apparel retailer’s stock, valued at approximately $205,000.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its position in shares of Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after buying an additional 687 shares in the last quarter. Virtus Advisers LLC acquired a new position in Urban Outfitters during the 1st quarter worth $46,000. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock worth $54,000 after buying an additional 263 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Urban Outfitters by 146.2% during the first quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock valued at $74,000 after acquiring an additional 842 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $64.61 on Friday. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.04 and a beta of 1.26. The firm’s 50 day simple moving average is $70.11 and its 200 day simple moving average is $68.60. Urban Outfitters, Inc. has a fifty-two week low of $35.66 and a fifty-two week high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 9,333 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $70.11, for a total transaction of $654,336.63. Following the sale, the chief executive officer directly owned 2,430,722 shares in the company, valued at $170,417,919.42. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 3,400 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the completion of the sale, the chief executive officer directly owned 10,077 shares in the company, valued at approximately $703,072.29. This represents a 25.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,400 shares of company stock worth $3,118,738 over the last ninety days. Company insiders own 31.60% of the company’s stock.

Analyst Ratings Changes

URBN has been the topic of several research reports. Bank of America upped their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. UBS Group upped their target price on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, September 2nd. Wall Street Zen lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.91.

About Urban Outfitters

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.