Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,713 shares of the apparel retailer’s stock after acquiring an additional 621 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Urban Outfitters were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Urban Outfitters during the third quarter worth $857,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Urban Outfitters by 21.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,157 shares of the apparel retailer’s stock valued at $365,000 after purchasing an additional 1,949 shares during the last quarter. Castleview Partners LLC acquired a new position in Urban Outfitters in the 3rd quarter valued at about $39,000. Strs Ohio boosted its holdings in Urban Outfitters by 8.5% in the 3rd quarter. Strs Ohio now owns 28,000 shares of the apparel retailer’s stock valued at $915,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Advisor Partners II LLC acquired a new position in Urban Outfitters in the 3rd quarter valued at about $457,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the transaction, the chief financial officer now directly owns 6,908 shares in the company, valued at approximately $291,724.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at $291,724.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tricia D. Smith sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the transaction, the chief executive officer now owns 6,353 shares in the company, valued at approximately $258,821.22. The disclosure for this sale can be found here. In the last three months, insiders sold 18,473 shares of company stock worth $757,483. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Stock Up 4.5 %

Shares of URBN opened at $40.53 on Friday. The company has a 50-day simple moving average of $41.57 and a 200-day simple moving average of $38.34. The company has a market capitalization of $3.78 billion, a PE ratio of 13.33, a P/E/G ratio of 0.62 and a beta of 1.53. Urban Outfitters, Inc. has a 52-week low of $25.69 and a 52-week high of $47.29.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on URBN. UBS Group boosted their price target on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, March 1st. BMO Capital Markets upped their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Finally, Telsey Advisory Group increased their price target on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average price target of $39.67.

Urban Outfitters 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.