Geode Capital Management LLC Purchases 35,244 Shares of Urban Outfitters, Inc. $URBN

Geode Capital Management LLC lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,507,027 shares of the apparel retailer’s stock after purchasing an additional 35,244 shares during the quarter. Geode Capital Management LLC’s holdings in Urban Outfitters were worth $113,434,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in URBN. Salomon & Ludwin LLC lifted its position in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares in the last quarter. GAMMA Investing LLC lifted its position in Urban Outfitters by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after buying an additional 154 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position in Urban Outfitters by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock worth $2,542,000 after buying an additional 181 shares in the last quarter. Spire Wealth Management lifted its position in Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its position in Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after buying an additional 205 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling

In related news, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the sale, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 8,733 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The SEC filing for this sale provides additional information. Company insiders own 32.10% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $71.30 on Friday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.38 and a beta of 1.22. The firm’s 50 day simple moving average is $69.77 and its 200 day simple moving average is $70.77. 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 announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. Equities research analysts expect that Urban Outfitters, Inc. will post 5.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on URBN shares. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. 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. Barclays cut their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average target price of $87.18.

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.