Federated Hermes Inc. Acquires 687 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Federated Hermes Inc. lifted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 17,175.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 691 shares of the apparel retailer’s stock after acquiring an additional 687 shares during the quarter. Federated Hermes Inc.’s holdings in Urban Outfitters were worth $36,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Xponance Inc. boosted its stake in shares of Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 222 shares during the period. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock worth $54,000 after purchasing an additional 263 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer’s stock worth $364,000 after purchasing an additional 351 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 463 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Urban Outfitters by 9.3% during the 4th quarter. Bank of Montreal Can now owns 6,730 shares of the apparel retailer’s stock worth $369,000 after purchasing an additional 570 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 35,000 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the sale, the director owned 480,296 shares in the company, valued at $35,613,948.40. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Melanie Marein-Efron sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the sale, the chief financial officer owned 5,036 shares in the company, valued at $369,440.96. This represents a 79.88% 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 over the last three months. 31.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on URBN shares. Barclays lifted their price target on Urban Outfitters from $59.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. UBS Group lifted their price target on Urban Outfitters from $54.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Robert W. Baird raised Urban Outfitters from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Morgan Stanley lifted their price target on Urban Outfitters from $62.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Urban Outfitters in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $77.82 on Tuesday. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $80.71. The stock has a market capitalization of $6.98 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.32 and a beta of 1.44. The stock has a fifty day moving average of $72.50 and a 200-day moving average of $61.06.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping 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 company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Urban Outfitters’s revenue was up 10.7% on a year-over-year basis. On average, research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

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.