38,919 Shares in Urban Outfitters, Inc. $URBN Acquired by Aurora Investment Counsel

Aurora Investment Counsel acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 38,919 shares of the apparel retailer's stock, valued at approximately $2,758,000. Urban Outfitters comprises 1.4% of Aurora Investment Counsel's investment portfolio, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of URBN. Jupiter Asset Management Ltd. grew its stake in Urban Outfitters by 33.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer's stock valued at $97,646,000 after buying an additional 327,453 shares in the last quarter. HighTower Advisors LLC raised its holdings in Urban Outfitters by 883.4% during the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer's stock valued at $3,242,000 after acquiring an additional 38,700 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Urban Outfitters during the fourth quarter worth $7,539,000. UBS Group AG boosted its holdings in shares of Urban Outfitters by 339.3% in the fourth quarter. UBS Group AG now owns 641,454 shares of the apparel retailer's stock worth $48,276,000 after acquiring an additional 495,441 shares during the period. Finally, Virtus Wealth Solutions LLC bought a new position in shares of Urban Outfitters in the fourth quarter worth $1,310,000. 77.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on URBN shares. Bank of America lifted their price target on Urban Outfitters from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wall Street Zen downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Morgan Stanley reiterated an "overweight" rating and set a $89.00 price target on shares of Urban Outfitters in a research report on Monday, July 6th. Finally, The Goldman Sachs Group raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and increased their price target for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.73.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 8,733 shares of Urban Outfitters 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 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 owned 17,023 shares of the company's stock, valued at $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 32.10% of the company's stock.

Urban Outfitters Stock Down 0.3%

Shares of NASDAQ URBN opened at $74.38 on Thursday. The stock's 50-day simple moving average is $73.87 and its two-hundred day simple moving average is $70.58. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $84.35. The firm has a market capitalization of $6.37 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.38 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $1.16 EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 6.13 EPS for the current fiscal year.

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.

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