Urban Outfitters, Inc. $URBN Stock Position Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,600 shares of the apparel retailer’s stock after purchasing an additional 900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Urban Outfitters were worth $914,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Urban Outfitters by 11.2% in the first quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer’s stock worth $121,700,000 after purchasing an additional 233,371 shares in the last quarter. Junto Capital Management LP grew its stake in shares of Urban Outfitters by 16.5% in the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after purchasing an additional 244,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after purchasing an additional 302,444 shares in the last quarter. Nuveen LLC bought a new position in shares of Urban Outfitters in the first quarter worth $43,769,000. Finally, Panagora Asset Management Inc. grew its stake in shares of Urban Outfitters by 5.7% in the first quarter. Panagora Asset Management Inc. now owns 367,013 shares of the apparel retailer’s stock worth $19,231,000 after purchasing an additional 19,934 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 0.0%

Shares of Urban Outfitters stock opened at $67.90 on Thursday. The stock has a 50-day moving average price of $72.46 and a 200 day moving average price of $66.79. The company has a market cap of $6.09 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.07 and a beta of 1.26. Urban Outfitters, Inc. has a 1 year low of $34.76 and a 1 year high of $80.71.

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

Insider Buying and Selling

In related news, Director Mary Egan sold 1,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the sale, the director directly owned 14,250 shares of the company’s stock, valued at approximately $999,210. This represents a 6.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tricia D. Smith sold 3,400 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total value of $237,218.00. Following the completion of the sale, the chief executive officer directly owned 10,077 shares of the company’s stock, valued at approximately $703,072.29. This represents a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,400 shares of company stock valued at $3,118,738. Corporate insiders own 31.60% of the company’s stock.

Analyst Upgrades and Downgrades

URBN has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Zacks Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wall Street Zen lowered Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a report on Wednesday, October 8th. Finally, Citigroup restated a “neutral” rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.