Burney Co. Grows Stock Position in Urban Outfitters, Inc. $URBN

Burney Co. grew its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,276 shares of the apparel retailer’s stock after acquiring an additional 1,831 shares during the quarter. Burney Co.’s holdings in Urban Outfitters were worth $1,688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URBN. GAMMA Investing LLC boosted its position in Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock worth $54,000 after acquiring an additional 263 shares during the last quarter. Principal Financial Group Inc. boosted its position in Urban Outfitters by 3.0% during the first quarter. Principal Financial Group Inc. now owns 353,495 shares of the apparel retailer’s stock worth $18,523,000 after acquiring an additional 10,236 shares during the last quarter. Xponance Inc. boosted its position in Urban Outfitters by 4.9% during the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 222 shares during the last quarter. CWM LLC boosted its position in Urban Outfitters by 19.6% during the first quarter. CWM LLC now owns 4,646 shares of the apparel retailer’s stock worth $243,000 after acquiring an additional 760 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Urban Outfitters by 12.4% during the first quarter. Victory Capital Management Inc. now owns 16,258 shares of the apparel retailer’s stock worth $852,000 after acquiring an additional 1,796 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Monday. Bank of America boosted their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Citigroup restated a “neutral” rating and set a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and an average target price of $81.91.

Insider Activity

In other news, CEO Richard A. Hayne sold 9,333 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $70.11, for a total value of $654,336.63. Following the sale, the chief executive officer directly owned 2,430,722 shares of the company’s stock, valued at approximately $170,417,919.42. The trade was a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the sale, the director directly owned 14,250 shares in the company, valued at $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 44,400 shares of company stock valued at $3,118,738. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Up 1.7%

URBN stock opened at $63.09 on Wednesday. The business has a fifty day moving average of $69.55 and a two-hundred day moving average of $68.93. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.26. Urban Outfitters, Inc. has a 52-week low of $35.80 and a 52-week high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 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.