Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,672,586 shares of the apparel retailer’s stock after acquiring an additional 674,790 shares during the quarter. Vanguard Group Inc. owned about 0.08% of Urban Outfitters worth $273,835,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cercano Management LLC acquired a new stake in Urban Outfitters during the fourth quarter worth about $18,815,000. Goldman Sachs Group Inc. raised its position in shares of Urban Outfitters by 82.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock valued at $37,101,000 after buying an additional 470,323 shares during the period. Norges Bank purchased a new stake in shares of Urban Outfitters during the 4th quarter valued at approximately $16,314,000. Adage Capital Partners GP L.L.C. acquired a new position in Urban Outfitters in the third quarter valued at approximately $11,442,000. Finally, Tudor Investment Corp Et Al increased its stake in Urban Outfitters by 2,657.9% during the third quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer’s stock worth $7,604,000 after acquiring an additional 224,169 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total transaction of $583,541.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $41.05 on Monday. The business has a 50-day simple moving average of $41.67 and a 200-day simple moving average of $40.68. Urban Outfitters, Inc. has a one year low of $30.05 and a one year high of $47.29. The company has a market cap of $3.83 billion, a PE ratio of 13.12, a P/E/G ratio of 1.01 and a beta of 1.49.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.49 by $0.20. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research analyst reports. UBS Group increased their price target on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Morgan Stanley upped their price objective on shares of Urban Outfitters from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, May 23rd. Robert W. Baird boosted their target price on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.18.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.