Boston Partners Raises Stock Position in Urban Outfitters, Inc. $URBN

Boston Partners grew its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 34.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,608 shares of the apparel retailer’s stock after buying an additional 120,593 shares during the period. Boston Partners owned 0.53% of Urban Outfitters worth $34,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in URBN. Cullen Frost Bankers Inc. raised its stake in Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Federated Hermes Inc. lifted its stake in Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC purchased a new position in Urban Outfitters during the 1st quarter valued at $46,000. Parkside Financial Bank & Trust grew its holdings in shares of Urban Outfitters by 32.6% in the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after purchasing an additional 237 shares during the last quarter. Finally, Quarry LP increased its position in shares of Urban Outfitters by 146.2% during the first quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock worth $74,000 after acquiring an additional 842 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Trading Up 13.5%

NASDAQ URBN opened at $77.56 on Friday. The firm’s fifty day simple moving average is $67.50 and its two-hundred day simple moving average is $70.18. The firm has a market capitalization of $6.96 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

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 shares were sold at an average price of $70.12, for a total value of $70,120.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tricia D. Smith sold 3,400 shares of the company’s 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 owned 10,077 shares in the company, valued at $703,072.29. The trade was a 25.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 44,400 shares of company stock worth $3,118,738. 31.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup upped their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. Wall Street Zen downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Thursday. Bank of America increased their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. UBS Group raised their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and a consensus price target of $85.36.

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.