Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC increased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,081 shares of the apparel retailer’s stock after acquiring an additional 5,635 shares during the period. Easterly Investment Partners LLC’s holdings in Urban Outfitters were worth $9,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of URBN. Blue Trust Inc. grew its holdings in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. Quarry LP lifted its stake in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters in the 2nd quarter valued at approximately $42,000. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the 3rd quarter valued at approximately $47,000. Finally, Meeder Asset Management Inc. purchased a new stake in Urban Outfitters in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $49.00 to $44.00 in a research note on Thursday, August 22nd. Barclays reduced their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, August 22nd. BMO Capital Markets reduced their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group reduced their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.30.

Urban Outfitters Stock Performance

Shares of URBN traded up $0.09 during trading hours on Friday, hitting $37.40. The stock had a trading volume of 154,826 shares, compared to its average volume of 1,672,050. The firm has a market cap of $3.45 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.88 and a beta of 1.50. The company’s fifty day simple moving average is $36.55 and its 200 day simple moving average is $40.17. 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 earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share 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 posted $1.10 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.63 earnings per share for the current fiscal 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.