24,928 Shares in Urban Outfitters, Inc. $URBN Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,928 shares of the apparel retailer’s stock, valued at approximately $1,808,000.

A number of other large investors have also recently bought and sold shares of URBN. Cullen Frost Bankers Inc. lifted its stake in shares of Urban Outfitters by 180.2% in the 2nd 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 during the period. Federated Hermes Inc. increased its holdings 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 in the last quarter. Virtus Advisers LLC acquired a new position in Urban Outfitters in the first quarter valued at approximately $46,000. Parkside Financial Bank & Trust boosted its holdings in shares of Urban Outfitters by 32.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after buying an additional 237 shares in the last quarter. Finally, Quarry LP grew its position in shares of Urban Outfitters by 146.2% during the 1st quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock worth $74,000 after buying an additional 842 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Monday, December 1st. The shares were sold at an average price of $73.97, for a total transaction of $690,362.01. Following the transaction, the insider directly owned 2,402,723 shares of the company’s stock, valued at $177,729,420.31. The trade was a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the sale, the chief executive officer owned 18,027,939 shares of the company’s stock, valued at approximately $1,270,248,581.94. The trade was a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 124,400 shares of company stock worth $9,182,338. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $75.69 on Friday. The firm has a market capitalization of $6.79 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.14 and a beta of 1.20. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $80.71. The stock has a 50 day moving average price of $68.11 and a two-hundred day moving average price of $70.86.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. On average, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. Morgan Stanley increased their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 27th. Finally, Citigroup raised their price objective on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price 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.