ProShare Advisors LLC Acquires 6,662 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

ProShare Advisors LLC lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 52.4% in the second quarter, Holdings Channel.com reports. The fund owned 19,374 shares of the apparel retailer’s stock after purchasing an additional 6,662 shares during the period. ProShare Advisors LLC’s holdings in Urban Outfitters were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Urban Outfitters by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock worth $273,835,000 after purchasing an additional 674,790 shares during the period. Woodson Capital Management LP purchased a new position in Urban Outfitters during the first quarter worth about $27,233,000. Goldman Sachs Group Inc. increased its stake in Urban Outfitters by 82.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after acquiring an additional 470,323 shares during the last quarter. Norges Bank purchased a new stake in shares of Urban Outfitters in the 4th quarter valued at about $16,314,000. Finally, American Century Companies Inc. boosted its position in shares of Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. Company insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their target price on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Morgan Stanley dropped their price objective on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets dropped their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company reduced their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Trading Up 1.7 %

Shares of NASDAQ:URBN opened at $38.32 on Friday. The stock has a market capitalization of $3.54 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The stock’s 50-day moving average price is $39.40 and its 200-day moving average price is $41.10. Urban Outfitters, Inc. has a 12-month low of $30.67 and a 12-month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $1.10 EPS. Urban Outfitters’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Urban Outfitters Profile

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.