Urban Outfitters, Inc. $URBN Shares Acquired by UBS Group AG

UBS Group AG lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 339.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,454 shares of the apparel retailer’s stock after buying an additional 495,441 shares during the period. UBS Group AG’s holdings in Urban Outfitters were worth $48,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC lifted its position in Urban Outfitters by 144.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 11,431 shares of the apparel retailer’s stock valued at $860,000 after acquiring an additional 6,761 shares during the last quarter. Virtus Wealth Solutions LLC acquired a new stake in shares of Urban Outfitters during the fourth quarter worth about $1,310,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Urban Outfitters by 5.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,987 shares of the apparel retailer’s stock valued at $4,514,000 after purchasing an additional 3,286 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Outfitters by 4.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,010 shares of the apparel retailer’s stock valued at $1,656,000 after purchasing an additional 898 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Up 2.2%

URBN opened at $71.62 on Thursday. Urban Outfitters, Inc. has a 52 week low of $51.12 and a 52 week high of $84.35. The business has a 50 day moving average price of $66.83 and a two-hundred day moving average price of $69.81. The company has a market cap of $6.13 billion, a PE ratio of 14.13, a P/E/G ratio of 1.35 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results 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. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 5.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on URBN. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research report on Thursday, February 26th. Barclays increased their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, January 16th. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.25.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value 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. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $663,856.29. Following the transaction, the insider owned 1,987,950 shares of the company’s stock, valued at approximately $141,402,883.50. The trade was a 0.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,682 shares of company stock worth $3,160,808. 32.10% of the stock is currently owned by insiders.

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.