Cwm LLC Grows Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Cwm LLC increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 19.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,646 shares of the apparel retailer’s stock after purchasing an additional 760 shares during the quarter. Cwm LLC’s holdings in Urban Outfitters were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URBN. Raymond James Financial Inc. acquired a new stake in shares of Urban Outfitters in the 4th quarter worth $513,000. Xponance Inc. acquired a new position in shares of Urban Outfitters during the fourth quarter worth about $250,000. Sei Investments Co. raised its holdings in Urban Outfitters by 24.9% during the fourth quarter. Sei Investments Co. now owns 163,497 shares of the apparel retailer’s stock worth $8,972,000 after purchasing an additional 32,622 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Urban Outfitters in the fourth quarter valued at about $708,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Urban Outfitters by 19.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 50,319 shares of the apparel retailer’s stock valued at $2,762,000 after purchasing an additional 8,252 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the sale, the chief financial officer directly owned 5,036 shares in the company, valued at $369,440.96. The trade was a 79.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Margaret Hayne sold 80,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total value of $5,807,200.00. Following the transaction, the insider directly owned 100 shares in the company, valued at approximately $7,259. This represents a 99.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 in the last ninety days. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Price Performance

Shares of URBN opened at $75.61 on Friday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $78.22. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The firm has a 50 day simple moving average of $70.79 and a 200-day simple moving average of $59.45.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. Urban Outfitters’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on URBN shares. Robert W. Baird raised Urban Outfitters from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. UBS Group increased their price objective on Urban Outfitters from $54.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Jefferies Financial Group upgraded shares of Urban Outfitters from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $50.00 to $70.00 in a research report on Friday, June 6th. Bank of America upped their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a “market perform” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.09.

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.