Robeco Institutional Asset Management B.V. Purchases 11,552 Shares of Urban Outfitters, Inc. $URBN

Robeco Institutional Asset Management B.V. grew its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 18.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 74,923 shares of the apparel retailer’s stock after buying an additional 11,552 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Urban Outfitters worth $5,352,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Urban Outfitters in the 2nd quarter worth approximately $55,429,000. Qube Research & Technologies Ltd increased its holdings in shares of Urban Outfitters by 59.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after purchasing an additional 477,909 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Urban Outfitters by 150.5% in the second quarter. Marshall Wace LLP now owns 617,527 shares of the apparel retailer’s stock worth $44,795,000 after purchasing an additional 371,058 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Urban Outfitters during the second quarter valued at $17,279,000. Finally, Orion Porfolio Solutions LLC boosted its position in shares of Urban Outfitters by 1,248.3% during the second quarter. Orion Porfolio Solutions LLC now owns 242,656 shares of the apparel retailer’s stock valued at $18,767,000 after buying an additional 224,659 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on URBN shares. UBS Group boosted their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group initiated coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, Citigroup boosted their target price on shares of 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, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Buying and Selling at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $74.94, for a total transaction of $799,384.98. Following the completion of the transaction, the chief executive officer directly owned 17,995,938 shares in the company, valued at approximately $1,348,615,593.72. The trade was a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 389,333 shares of company stock worth $30,195,534. 31.60% of the stock is owned by insiders.

Urban Outfitters Trading Down 0.2%

URBN opened at $81.56 on Friday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The company has a market capitalization of $7.31 billion, a PE ratio of 15.39, a PEG ratio of 1.23 and a beta of 1.23. The firm’s 50 day simple moving average is $73.08 and its two-hundred day simple moving average is $72.47.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. The firm had revenue of $1.53 billion during the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. Equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters 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.