Urban Outfitters, Inc. $URBN Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,134 shares of the apparel retailer’s stock after purchasing an additional 13,383 shares during the quarter. Edgestream Partners L.P.’s holdings in Urban Outfitters were worth $3,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Urban Outfitters by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after purchasing an additional 338,622 shares in the last quarter. Abrams Bison Investments LLC purchased a new position in Urban Outfitters during the fourth quarter worth approximately $127,114,000. Geode Capital Management LLC boosted its stake in Urban Outfitters by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after buying an additional 35,244 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in Urban Outfitters by 33.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after buying an additional 327,453 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Urban Outfitters by 23.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock valued at $62,155,000 after buying an additional 189,454 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

URBN stock opened at $74.18 on Friday. The company’s 50 day moving average price is $72.76 and its 200 day moving average price is $69.93. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.37 and a beta of 1.22. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. Equities analysts forecast that Urban Outfitters, Inc. will post 6.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Melanie Marein-Efron sold 5,036 shares of Urban Outfitters stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 32.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a research note on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their target price for the company from $76.00 to $93.00 in a report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average price target of $87.91.

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.