Sei Investments Co. Buys 9,776 Shares of Urban Outfitters, Inc. $URBN

Sei Investments Co. boosted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,875 shares of the apparel retailer’s stock after purchasing an additional 9,776 shares during the period. Sei Investments Co. owned about 0.21% of Urban Outfitters worth $11,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of URBN. Maryland State Retirement & Pension System increased its position in Urban Outfitters by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after buying an additional 148 shares during the last quarter. Salomon & Ludwin LLC lifted its position in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares during the last quarter. Lido Advisors LLC grew its stake in shares of Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after acquiring an additional 193 shares during the period. Spire Wealth Management grew its stake in shares of Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Richardson Financial Services Inc. increased its holdings in Urban Outfitters by 90.3% in the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 205 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Insider Activity at Urban Outfitters

In other news, insider Azeez Hayne sold 8,733 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 5,036 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 32.10% of the company’s stock.

Urban Outfitters Stock Down 2.1%

Shares of URBN opened at $74.18 on Friday. The business’s 50-day moving average price is $72.76 and its 200-day moving average price is $69.93. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $84.35. The stock has a market cap of $6.35 billion, a PE ratio of 14.24, a P/E/G ratio of 1.40 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Analysts expect that Urban Outfitters, Inc. will post 6.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on URBN shares. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Bank of America lifted their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 price objective on shares of Urban Outfitters in a report on Monday, July 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus target price of $87.91.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.