5,598 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBNFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,598 shares of the apparel retailer’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares during the last quarter. Spire Wealth Management boosted its stake in Urban Outfitters by 3,700.0% during the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Urban Outfitters during the 3rd quarter valued at $81,000. Headlands Technologies LLC purchased a new stake in Urban Outfitters during the 4th quarter valued at $150,000. Finally, TFO Wealth Partners LLC boosted its stake in Urban Outfitters by 26,563.2% during the 4th quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after purchasing an additional 5,047 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $43.16 on Friday. Urban Outfitters, Inc. has a one year low of $30.05 and a one year high of $47.29. The stock’s fifty day moving average is $41.99 and its 200 day moving average is $40.80. The stock has a market cap of $4.03 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.05 and a beta of 1.51.

Urban Outfitters (NASDAQ:URBNGet Free Report) last announced its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $0.56 EPS. Urban Outfitters’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts predict that Urban Outfitters, Inc. will post 3.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Telsey Advisory Group increased their target price on Urban Outfitters from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. UBS Group raised their price target on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group raised their price target on Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Robert W. Baird raised their price target on Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.18.

Check Out Our Latest Stock Report on Urban Outfitters

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total transaction of $583,541.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 31.80% of the company’s stock.

Urban Outfitters Profile

(Free Report)

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.

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

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