Burney Co. Buys New Shares in Urban Outfitters, Inc. (NASDAQ:URBN)

Key Points

• Burney Co. has purchased a new stake in Urban Outfitters, acquiring 21,445 shares valued at approximately $1.12 million during the 1st quarter.
• Urban Outfitters has seen a range of institutional investments, with 77.61% of its stock owned by institutional investors, highlighting significant interest from the financial sector.
• Analysts have varying outlooks on the stock, with a consensus rating of "Moderate Buy" and an average target price of $74.09 despite some rating downgrades by firms like Citigroup.

Burney Co. bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 21,445 shares of the apparel retailer's stock, valued at approximately $1,124,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Junto Capital Management LP lifted its holdings in shares of Urban Outfitters by 0.9% during the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock valued at $81,422,000 after acquiring an additional 13,820 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Urban Outfitters by 183,272.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after acquiring an additional 1,094,134 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Urban Outfitters during the 1st quarter worth $40,544,000. Systematic Financial Management LP increased its stake in Urban Outfitters by 4.8% during the 4th quarter. Systematic Financial Management LP now owns 756,409 shares of the apparel retailer's stock worth $41,512,000 after buying an additional 34,677 shares during the period. Finally, Northern Trust Corp increased its stake in Urban Outfitters by 8.5% during the 4th quarter. Northern Trust Corp now owns 695,646 shares of the apparel retailer's stock worth $38,177,000 after buying an additional 54,337 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on URBN shares. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $72.00 price target on shares of Urban Outfitters in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Finally, Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $75.00.

Insider Buying and Selling

In other news, CFO Melanie Marein-Efron sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total value of $1,467,200.00. Following the completion of the sale, the chief financial officer directly owned 5,036 shares of the company's stock, valued at approximately $369,440.96. This represents a 79.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Azeez Hayne sold 12,856 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,156 shares of company stock worth $11,636,158. Company insiders own 31.80% of the company's stock.

Urban Outfitters Stock Up 1.4%

NASDAQ URBN traded up $1.05 on Monday, hitting $76.66. The stock had a trading volume of 435,553 shares, compared to its average volume of 2,166,290. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $78.22. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.27 and a beta of 1.44. The company's 50-day moving average is $70.79 and its two-hundred day moving average is $59.47.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. Urban Outfitters's quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share 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.