Cannell & Spears LLC Acquires 190,734 Shares of Urban Outfitters, Inc. $URBN

Cannell & Spears LLC grew its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 318.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 250,697 shares of the apparel retailer’s stock after purchasing an additional 190,734 shares during the period. Cannell & Spears LLC owned approximately 0.28% of Urban Outfitters worth $17,907,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Urban Outfitters by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after buying an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after buying an additional 13,554 shares during the last quarter. Savant Capital LLC bought a new stake in Urban Outfitters in the second quarter worth $632,000. Prospera Financial Services Inc boosted its holdings in Urban Outfitters by 3.9% in the second quarter. Prospera Financial Services Inc now owns 8,065 shares of the apparel retailer’s stock worth $585,000 after acquiring an additional 300 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Urban Outfitters in the second quarter worth $2,314,000. 77.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

URBN has been the subject of several analyst reports. Robert W. Baird set a $93.00 price target on Urban Outfitters in a report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.25.

Insider Transactions at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $83.18, for a total transaction of $887,281.06. Following the sale, the chief executive officer owned 17,878,601 shares of the company’s stock, valued at $1,487,142,031.18. This trade represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 473,517 shares of company stock worth $35,562,730. 31.60% of the stock is currently owned by corporate insiders.

Urban Outfitters Price Performance

URBN stock opened at $63.41 on Friday. The stock has a market capitalization of $5.69 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.22. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The business has a fifty day moving average price of $69.95 and a 200-day moving average price of $70.66.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm posted $1.04 earnings per share. Urban Outfitters’s revenue was up 10.1% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

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.