TD Asset Management Inc Purchases New Holdings in Urban Outfitters, Inc. $URBN

TD Asset Management Inc acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,810 shares of the apparel retailer’s stock, valued at approximately $1,058,000.

Several other institutional investors and hedge funds also recently made changes to their positions in URBN. Dakota Wealth Management bought a new stake in shares of Urban Outfitters in the third quarter worth $672,000. Hillsdale Investment Management Inc. grew its holdings in Urban Outfitters by 8.3% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 100,410 shares of the apparel retailer’s stock worth $7,172,000 after acquiring an additional 7,700 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Urban Outfitters in the 3rd quarter worth about $226,000. Jupiter Asset Management Ltd. raised its stake in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after purchasing an additional 873,008 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Urban Outfitters by 11.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 28,787 shares of the apparel retailer’s stock worth $2,056,000 after purchasing an additional 3,060 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on URBN shares. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Morgan Stanley raised their price objective on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group began coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. Barclays increased their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.25.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $76.03, for a total value of $811,012.01. Following the sale, the chief executive officer directly owned 17,921,269 shares in the company, valued at $1,362,554,082.07. The trade was a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 522,850 shares of company stock worth $39,467,864. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $65.62 on Friday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The firm has a market capitalization of $5.88 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. The stock has a fifty day moving average of $71.30 and a two-hundred day moving average of $71.15.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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.