SG Americas Securities LLC Increases Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

SG Americas Securities LLC grew its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,304 shares of the apparel retailer’s stock after purchasing an additional 1,245 shares during the quarter. SG Americas Securities LLC’s holdings in Urban Outfitters were worth $395,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP increased its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at $42,000. Meeder Asset Management Inc. purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at $48,000. Innealta Capital LLC purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at $70,000. Finally, CWM LLC increased its holdings in Urban Outfitters by 165.6% in the 2nd quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after acquiring an additional 1,300 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Trading Up 0.1 %

Shares of URBN opened at $37.56 on Friday. The company has a market cap of $3.47 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49. The stock has a 50-day moving average price of $37.47 and a 200-day moving average price of $40.52. Urban Outfitters, Inc. has a 12-month low of $31.37 and a 12-month high of $48.90.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on URBN. Bank of America decreased their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Barclays decreased their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Wells Fargo & Company cut their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, BMO Capital Markets cut their target price 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $42.30.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Company 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.