Urban Outfitters, Inc. $URBN Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 80.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,840 shares of the apparel retailer’s stock after purchasing an additional 818 shares during the quarter. GAMMA Investing LLC’s holdings in Urban Outfitters were worth $133,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in Urban Outfitters during the 1st quarter worth approximately $43,769,000. Wedge Capital Management L L P NC purchased a new stake in Urban Outfitters during the 1st quarter worth approximately $40,544,000. Boston Partners purchased a new stake in Urban Outfitters during the 1st quarter worth approximately $18,380,000. Fuller & Thaler Asset Management Inc. increased its stake in Urban Outfitters by 27.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after buying an additional 302,444 shares in the last quarter. Finally, Junto Capital Management LP increased its stake in Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after buying an additional 244,801 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Buying and Selling

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director directly owned 14,250 shares in the company, valued at $999,210. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is owned by company insiders.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $71.43 on Wednesday. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.15 and a beta of 1.29. Urban Outfitters, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The stock has a 50 day moving average of $73.83 and a 200 day moving average of $65.38.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

URBN has been the subject of several research reports. Barclays reiterated an “overweight” rating and set a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. Jefferies Financial Group upgraded Urban Outfitters from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. UBS Group boosted their price objective on Urban Outfitters from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen lowered Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus target price of $81.91.

Urban Outfitters Company 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.