Aurora Investment Counsel Makes New Investment in Urban Outfitters, Inc. $URBN

Aurora Investment Counsel acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 38,029 shares of the apparel retailer’s stock, valued at approximately $2,409,000. Urban Outfitters makes up 1.3% of Aurora Investment Counsel’s investment portfolio, making the stock its 18th largest holding.

Several other large investors also recently made changes to their positions in URBN. Dimensional Fund Advisors LP grew its stake in shares of Urban Outfitters by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,975,316 shares of the apparel retailer’s stock valued at $299,183,000 after buying an additional 299,380 shares in the last quarter. Abrams Bison Investments LLC acquired a new stake in Urban Outfitters in the 4th quarter valued at about $127,114,000. Geode Capital Management LLC grew its holdings 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 purchasing an additional 35,244 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock worth $97,646,000 after purchasing an additional 327,453 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Urban Outfitters by 9.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 791,676 shares of the apparel retailer’s stock worth $59,582,000 after purchasing an additional 67,777 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the transaction, the chief financial officer owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by corporate insiders.

Urban Outfitters Stock Performance

Shares of URBN opened at $72.98 on Friday. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35. The business’s fifty day moving average is $71.99 and its 200-day moving average is $70.22. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.39 and a beta of 1.22.

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

Analyst Upgrades and Downgrades

URBN has been the topic of several research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. JPMorgan Chase & Co. boosted their target price on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Zacks Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 price target on shares of Urban Outfitters in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

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.