Urban Outfitters, Inc. $URBN Stake Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,298 shares of the apparel retailer’s stock after acquiring an additional 46,118 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Urban Outfitters were worth $27,978,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $31,000. Kilter Group LLC bought a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $35,000. NewEdge Advisors LLC boosted its position in shares of Urban Outfitters by 87.0% during the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 247 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Urban Outfitters during the fourth quarter worth about $47,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Urban Outfitters by 39.6% during the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer’s stock worth $89,000 after purchasing an additional 331 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the transaction, the chief financial officer directly owned 11,323 shares in the company, valued at approximately $914,332.25. This represents a 33.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tricia Smith sold 3,500 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $75.95, for a total value of $265,825.00. Following the transaction, the chief executive officer owned 30,112 shares in the company, valued at $2,287,006.40. This trade represents a 10.41% decrease in their ownership of the stock. 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 Up 3.2%

URBN opened at $87.40 on Friday. The business’s fifty day simple moving average is $78.27 and its 200 day simple moving average is $73.93. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $88.06. The stock has a market cap of $7.49 billion, a PE ratio of 13.63, a P/E/G ratio of 1.32 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 6.20 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on URBN. Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 22nd. Jefferies Financial Group raised their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Citigroup reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Friday, August 28th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.