Quantbot Technologies LP Acquires 152,193 Shares of Urban Outfitters, Inc. $URBN

Quantbot Technologies LP grew its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 375.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,733 shares of the apparel retailer’s stock after purchasing an additional 152,193 shares during the quarter. Quantbot Technologies LP owned approximately 0.22% of Urban Outfitters worth $13,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC bought a new position in Urban Outfitters in the 1st quarter worth approximately $241,000. Natixis Advisors LLC raised its stake in shares of Urban Outfitters by 55.3% in the first quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer’s stock valued at $1,256,000 after purchasing an additional 8,542 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Urban Outfitters by 134.9% in the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after buying an additional 11,894 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Urban Outfitters during the first quarter worth about $1,253,000. Finally, FORA Capital LLC raised its holdings in shares of Urban Outfitters by 88.9% in the 1st quarter. FORA Capital LLC now owns 8,566 shares of the apparel retailer’s stock worth $449,000 after buying an additional 4,032 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Tricia D. Smith sold 3,400 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the sale, the chief executive officer directly owned 10,077 shares of the company’s stock, valued at approximately $703,072.29. This represents a 25.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $70.46, for a total value of $751,596.82. Following the completion of the sale, the chief executive officer owned 18,027,939 shares in the company, valued at $1,270,248,581.94. This represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 84,400 shares of company stock valued at $6,123,938 over the last quarter. 31.60% of the stock is currently owned by company insiders.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $78.31 on Tuesday. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $80.71. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.04 and a beta of 1.28. The business has a 50-day moving average of $67.68 and a 200-day moving average of $70.56.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Wall Street Zen cut Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 27th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Telsey Advisory Group increased their price target on shares of Urban Outfitters from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and an average price target of $85.36.

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.