16,548 Shares in Urban Outfitters, Inc. $URBN Purchased by Bosman Wealth Management LLC

Key Points

• Bosman Wealth Management acquired 16,548 Urban Outfitters shares worth approximately $1.26 million in the third quarter. Institutional investors collectively own 77.61% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $90.54; nine analysts rate the stock a Buy and eight rate it a Hold.
• Urban Outfitters reported quarterly EPS of $1.72, matching estimates, while revenue rose 10.4% year over year to $1.66 billion. The stock opened at $92.19, near its 52-week high of $93.00, while insiders sold 14,200 shares over the past three months.

Bosman Wealth Management LLC acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,548 shares of the apparel retailer's stock, valued at approximately $1,264,000.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Urban Outfitters during the second quarter worth $615,160,000. Dimensional Fund Advisors LP increased its holdings in Urban Outfitters by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock valued at $273,274,000 after acquiring an additional 338,622 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Urban Outfitters by 23.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer's stock valued at $62,155,000 after acquiring an additional 189,454 shares during the last quarter. Bank of America Corp DE bought a new stake in Urban Outfitters in the 2nd quarter valued at $33,414,000. Finally, Engineers Gate Manager LP lifted its stake in Urban Outfitters by 211.4% in the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock worth $30,344,000 after purchasing an additional 290,698 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analyst Upgrades and Downgrades

URBN has been the topic of a number of research analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price on shares of Urban Outfitters in a research report on Thursday, August 27th. Zacks Research cut Urban Outfitters from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. BMO Capital Markets started coverage on Urban Outfitters in a research note on Tuesday, September 8th. They issued a "market perform" rating and a $80.00 price objective on the stock. Jefferies Financial Group lifted their price objective on Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Urban Outfitters in a report on Friday, August 28th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.54.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 3,500 shares of the company's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $75.95, for a total value of $265,825.00. Following the transaction, the chief executive officer owned 30,112 shares of the company's stock, valued at $2,287,006.40. This represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the company's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total value of $435,300.00. Following the completion of the transaction, the director directly owned 494,315 shares in the company, valued at $43,035,063.90. This trade represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,200 shares of company stock valued at $1,161,400. Insiders own 32.10% of the company's stock.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $92.19 on Friday. The company has a market cap of $7.90 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.40 and a beta of 1.24. The business's 50 day moving average price is $80.50 and its 200-day moving average price is $73.02. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $93.00.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. Urban Outfitters's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 EPS. As a group, equities analysts predict that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.

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