Urban Outfitters, Inc. $URBN Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 40.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 293,564 shares of the apparel retailer’s stock after buying an additional 83,964 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.33% of Urban Outfitters worth $22,117,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its position in Urban Outfitters by 316.5% during the third quarter. Allianz Asset Management GmbH now owns 187,660 shares of the apparel retailer’s stock worth $13,405,000 after acquiring an additional 142,600 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new stake in Urban Outfitters during the 3rd quarter worth approximately $5,917,000. Oak Harvest Investment Services boosted its holdings in Urban Outfitters by 203.1% in the third quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock worth $2,165,000 after purchasing an additional 20,313 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Urban Outfitters by 17.4% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 279,763 shares of the apparel retailer’s stock valued at $19,983,000 after purchasing an additional 41,559 shares during the last quarter. Finally, Optimize Financial Inc acquired a new stake in shares of Urban Outfitters during the third quarter worth $602,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $64.57 on Friday. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.25 and a beta of 1.20. The business’s fifty day moving average is $66.82 and its 200-day moving average is $69.90.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on URBN. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research note on Wednesday, December 17th. Guggenheim initiated coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.25.

Insider Buying and Selling

In other news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the sale, the insider directly owned 1,933,859 shares of the company’s stock, valued at approximately $136,337,059.50. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $752,023.50. Following the transaction, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at approximately $1,230,181,642.50. This represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 293,517 shares of company stock worth $21,395,930 in the last ninety days. 31.60% of the stock is currently 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.