Algert Global LLC Buys 45,272 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Algert Global LLC increased its investment in Urban Outfitters, raising its holdings by 87.2% to approximately $5.09 million by acquiring an additional 45,272 shares in the first quarter.
• Insider Azeez Hayne sold 12,856 shares at an average price of $73.00, while Director Harry S. Cherken Jr. sold 35,000 shares at $74.15, indicating significant insider transactions amidst high ownership by insiders, which totals 31.80%.
• Urban Outfitters reported $1.16 earnings per share, surpassing the consensus estimate, with a revenue increase of 10.7% year-over-year to $1.33 billion in their most recent quarter.

Algert Global LLC raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 87.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,216 shares of the apparel retailer's stock after purchasing an additional 45,272 shares during the period. Algert Global LLC owned approximately 0.10% of Urban Outfitters worth $5,094,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its position in Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 463 shares in the last quarter. Federated Hermes Inc. raised its position in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 687 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Urban Outfitters during the first quarter valued at approximately $52,000. GAMMA Investing LLC raised 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 valued at $54,000 after purchasing an additional 263 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Urban Outfitters by 16.4% during the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after buying an additional 262 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group boosted their target price on shares of Urban Outfitters from $75.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Urban Outfitters from $78.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Barclays boosted their target price on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Bank of America boosted their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $77.27.

Urban Outfitters Stock Up 0.7%

URBN stock traded up $0.52 during trading on Thursday, reaching $73.89. The stock had a trading volume of 1,630,375 shares, compared to its average volume of 1,622,148. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $80.71. The company's 50 day moving average is $73.53 and its two-hundred day moving average is $62.16. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.27 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The company's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 20,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were 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 directly owned 5,036 shares in the company, valued at $369,440.96. This represents a 79.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 4,500 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the sale, the chief executive officer directly owned 13,477 shares in the company, valued at approximately $950,398.04. This trade represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,156 shares of company stock worth $11,636,158. Company insiders own 31.60% of the company's stock.

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.