Xponance Inc. Purchases 222 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Xponance Inc. raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,782 shares of the apparel retailer’s stock after purchasing an additional 222 shares during the period. Xponance Inc.’s holdings in Urban Outfitters were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of Urban Outfitters by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 353,495 shares of the apparel retailer’s stock worth $18,523,000 after acquiring an additional 10,236 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Urban Outfitters by 8.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,043 shares of the apparel retailer’s stock worth $1,627,000 after acquiring an additional 2,385 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Urban Outfitters by 4.0% during the 1st quarter. Diversified Trust Co now owns 19,517 shares of the apparel retailer’s stock worth $1,023,000 after acquiring an additional 752 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Urban Outfitters during the 1st quarter worth $1,677,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Urban Outfitters during the 1st quarter worth $1,094,000. 77.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on URBN. Robert W. Baird raised shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Bank of America lifted their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Citigroup decreased their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $63.00 to $78.00 in a research report on Thursday, May 22nd. Finally, Glj Research reiterated a “sell” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus price target of $74.09.

Urban Outfitters Trading Up 1.7%

Shares of NASDAQ:URBN opened at $72.14 on Friday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a 50-day moving average price of $69.29 and a 200-day moving average price of $58.82. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $75.80.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, insider Margaret Hayne sold 80,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the transaction, the insider owned 100 shares in the company, valued at $7,259. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the transaction, the director owned 480,296 shares in the company, valued at $35,613,948.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock valued at $11,636,158 over the last three months. Corporate insiders own 31.60% of the company’s stock.

About Urban Outfitters

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.