Elo Mutual Pension Insurance Co Purchases Shares of 24,582 Urban Outfitters, Inc. $URBN

Elo Mutual Pension Insurance Co acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,582 shares of the apparel retailer’s stock, valued at approximately $1,756,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URBN. Fisher Asset Management LLC increased its position in Urban Outfitters by 2.8% in the third quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Urban Outfitters by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after buying an additional 540,877 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Urban Outfitters in the 3rd quarter worth about $688,000. TD Asset Management Inc bought a new stake in shares of Urban Outfitters in the 3rd quarter worth about $1,058,000. Finally, Dakota Wealth Management purchased a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $672,000. 77.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the transaction, the insider directly owned 1,933,859 shares in the company, valued at $136,337,059.50. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, February 20th. The stock was sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. This represents a 0.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 542,850 shares of company stock valued at $41,000,064 in the last quarter. 31.60% of the stock is owned by company insiders.

Urban Outfitters Trading Up 1.6%

NASDAQ:URBN opened at $66.90 on Thursday. The stock has a fifty day simple moving average of $71.56 and a 200-day simple moving average of $71.19. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.19. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Citigroup lifted their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. The Goldman Sachs Group initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a research report on Thursday, February 26th. Finally, Robert W. Baird set a $93.00 price objective on shares of Urban Outfitters in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $86.25.

About Urban Outfitters

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.