23,913 Shares in Urban Outfitters, Inc. $URBN Acquired by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has acquired 23,913 shares of Urban Outfitters, Inc., valued at approximately $1,253,000, during the first quarter of the year.
• Insider sales were significant, with CFO Melanie Marein-Efron selling 20,000 shares and CEO Tricia D. Smith selling 4,500 shares, reducing their ownership stakes by 79.88% and 25.03%, respectively.
• Several analysts upgraded their ratings for Urban Outfitters, with Baird R W moving it from "hold" to "strong-buy" and Jefferies Financial Group raising the price target to $70.00.

Quantitative Investment Management LLC purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,913 shares of the apparel retailer's stock, valued at approximately $1,253,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Urban Outfitters by 313.4% in the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after buying an additional 17,696 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth $52,000. Public Employees Retirement System of Ohio boosted its position in shares of Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock worth $1,898,000 after purchasing an additional 32,747 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock worth $7,086,000 after purchasing an additional 19,551 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the sale, the chief financial officer owned 5,036 shares in the company, valued at $369,440.96. The trade was a 79.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer owned 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,156 shares of company stock valued at $11,636,158. Insiders own 31.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on URBN. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price target on shares of Urban Outfitters in a research report on Friday. Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and raised their price target for the stock from $50.00 to $70.00 in a research report on Friday, June 6th. Wall Street Zen downgraded Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Citigroup reaffirmed a "neutral" rating and set a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $77.27.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $76.98 on Monday. The business has a fifty day simple moving average of $73.71 and a two-hundred day simple moving average of $62.38. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $80.71. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.33 and a beta of 1.44.

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.

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