Bosman Wealth Management LLC Buys Shares of 41,840 Urban Outfitters, Inc. $URBN

Key Points

• Bosman Wealth Management LLC has acquired a stake in Urban Outfitters, purchasing 41,840 shares valued at approximately $3,035,000, which constitutes about 2.7% of their holdings.
• Several analysts have set new price targets for Urban Outfitters, with Bank of America raising their target from $90.00 to $93.00, while the consensus price target stands at $81.91.
• Urban Outfitters reported earnings of $1.58 per share for the last quarter, exceeding analysts' expectations and reflecting a 11.3% increase in revenue year-over-year.

Bosman Wealth Management LLC bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 41,840 shares of the apparel retailer's stock, valued at approximately $3,035,000. Urban Outfitters comprises about 2.7% of Bosman Wealth Management LLC's holdings, making the stock its 16th biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Diversified Trust Co grew its holdings in Urban Outfitters by 0.9% during the 2nd quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer's stock valued at $1,429,000 after buying an additional 185 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Urban Outfitters by 2.0% during the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock worth $545,000 after purchasing an additional 203 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Urban Outfitters by 4.9% during the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after purchasing an additional 222 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Urban Outfitters by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after purchasing an additional 228 shares during the last quarter. Finally, US Bancorp DE boosted its holdings 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 purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Activity

In other news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the sale, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on URBN shares. Bank of America raised their price objective on Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Citigroup restated a "neutral" rating and set a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Morgan Stanley raised their price objective on Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Telsey Advisory Group lifted their target price on Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Finally, Barclays reissued an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a research report on Friday, August 29th. 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $81.91.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $72.25 on Tuesday. Urban Outfitters, Inc. has a 1 year low of $34.76 and a 1 year high of $80.71. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.16 and a beta of 1.29. The stock's 50-day simple moving average is $73.90 and its 200-day simple moving average is $65.34.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

About Urban Outfitters

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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