Cerity Partners LLC Boosts Holdings in Urban Outfitters, Inc. $URBN

Cerity Partners LLC raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 23.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,181 shares of the apparel retailer’s stock after purchasing an additional 32,190 shares during the quarter. Cerity Partners LLC owned 0.19% of Urban Outfitters worth $12,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after acquiring an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the last quarter. Intech Investment Management LLC lifted its position in Urban Outfitters by 110.6% during the first quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer’s stock valued at $3,448,000 after purchasing an additional 34,555 shares during the period. Acadian Asset Management LLC lifted its position in Urban Outfitters by 354.6% during the first quarter. Acadian Asset Management LLC now owns 206,454 shares of the apparel retailer’s stock valued at $10,813,000 after purchasing an additional 161,039 shares during the period. Finally, Strs Ohio acquired a new stake in Urban Outfitters during the first quarter worth about $461,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $81.56 on Friday. The stock’s fifty day moving average is $73.08 and its two-hundred day moving average is $72.47. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The firm has a market capitalization of $7.31 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. As a group, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on URBN shares. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a report on Wednesday, December 17th. The Goldman Sachs Group assumed coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target for the company. Citigroup raised their price objective on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Guggenheim started coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Activity at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $79.71, for a total transaction of $850,266.57. Following the completion of the transaction, the chief executive officer directly owned 17,718,596 shares in the company, valued at $1,412,349,287.16. This trade represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $79.71, for a total value of $743,933.43. Following the completion of the transaction, the insider directly owned 2,169,398 shares of the company’s stock, valued at approximately $172,922,714.58. This represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 389,333 shares of company stock valued at $30,195,534 in the last quarter. 31.60% of the stock is owned by insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.