Braun Stacey Associates Inc. Purchases New Position in Urban Outfitters, Inc. $URBN

Braun Stacey Associates Inc. acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 257,326 shares of the apparel retailer’s stock, valued at approximately $19,366,000. Braun Stacey Associates Inc. owned approximately 0.29% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Urban Outfitters by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after buying an additional 142,909 shares during the last quarter. American Century Companies Inc. lifted its stake in Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after acquiring an additional 540,877 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Urban Outfitters by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock valued at $131,997,000 after acquiring an additional 50,837 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after acquiring an additional 477,909 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after acquiring an additional 873,008 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $76.57, for a total value of $816,772.19. Following the sale, the chief executive officer owned 17,739,930 shares of the company’s stock, valued at $1,358,346,440.10. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 293,517 shares of company stock valued at $21,395,930 in the last three months. 31.60% of the stock is owned by company insiders.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $64.57 on Friday. The stock has a fifty day simple moving average of $66.82 and a two-hundred day simple moving average of $69.90. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a research report on Wednesday, December 17th. The Goldman Sachs Group started coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.