Y Intercept Hong Kong Ltd Raises Stock Position in Urban Outfitters, Inc. $URBN

Y Intercept Hong Kong Ltd boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 110.1% in the first quarter, HoldingsChannel.com reports. The fund owned 100,480 shares of the apparel retailer’s stock after purchasing an additional 52,645 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Urban Outfitters were worth $6,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. raised its position in shares of Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of 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 purchasing an additional 149 shares during the last quarter. Spire Wealth Management lifted its stake in Urban Outfitters by 83.3% in the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in Urban Outfitters by 90.3% in 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 during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on URBN shares. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Finally, Bank of America raised their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.18.

Insider Transactions at Urban Outfitters

In other news, insider Azeez Hayne sold 8,733 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s 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 sale, the chief financial officer owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This represents a 22.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.10% of the stock is owned by insiders.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $70.72 on Friday. The business has a fifty day moving average of $72.14 and a two-hundred day moving average of $70.89. The stock has a market cap of $6.06 billion, a P/E ratio of 13.57, a PEG ratio of 1.32 and a beta of 1.22. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 6.08 earnings per share for the current year.

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.