Brinker Capital Investments LLC Boosts Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Brinker Capital Investments LLC increased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,708 shares of the apparel retailer’s stock after purchasing an additional 3,894 shares during the quarter. Brinker Capital Investments LLC’s holdings in Urban Outfitters were worth $584,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its stake in Urban Outfitters by 14.3% during the third quarter. Great West Life Assurance Co. Can now owns 74,825 shares of the apparel retailer’s stock worth $1,469,000 after purchasing an additional 9,335 shares during the last quarter. Jennison Associates LLC purchased a new stake in Urban Outfitters in the third quarter valued at approximately $1,005,000. Graypoint LLC lifted its stake in Urban Outfitters by 7.3% in the third quarter. Graypoint LLC now owns 16,510 shares of the apparel retailer’s stock valued at $324,000 after buying an additional 1,130 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Urban Outfitters by 5.7% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 12,900 shares of the apparel retailer’s stock valued at $253,000 after buying an additional 700 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Urban Outfitters by 21.1% in the third quarter. Peregrine Capital Management LLC now owns 455,590 shares of the apparel retailer’s stock valued at $8,952,000 after buying an additional 79,430 shares during the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.

Urban Outfitters Price Performance

Shares of URBN stock opened at $26.95 on Tuesday. The business’s fifty day moving average price is $26.63 and its 200 day moving average price is $23.45. Urban Outfitters, Inc. has a 1-year low of $17.81 and a 1-year high of $30.52. The firm has a market capitalization of $2.48 billion, a PE ratio of 15.14, a P/E/G ratio of 0.86 and a beta of 1.41.

Urban Outfitters (NASDAQ:URBNGet Rating) last announced its quarterly earnings data on Monday, November 21st. The apparel retailer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Urban Outfitters had a return on equity of 9.83% and a net margin of 3.57%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company earned $0.89 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Urban Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on URBN. StockNews.com began coverage on Urban Outfitters in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America boosted their price objective on Urban Outfitters from $25.00 to $30.00 in a research note on Tuesday, November 22nd. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley restated an “equal weight” rating and set a $27.66 price target on shares of Urban Outfitters in a research note on Wednesday, January 11th. Finally, Robert W. Baird upped their price target on Urban Outfitters from $23.00 to $26.00 in a research note on Tuesday, November 22nd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.97.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief operating officer now owns 25,960 shares of the company’s stock, valued at $649,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Urban Outfitters news, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief operating officer now owns 25,960 shares of the company’s stock, valued at $649,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The disclosure for this sale can be found here. 28.90% of the stock is owned by corporate insiders.

Urban Outfitters Company Profile

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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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