Capital CS Group LLC Buys New Shares in Urban Outfitters, Inc. (NASDAQ:URBN)

Capital CS Group LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,963 shares of the apparel retailer's stock, valued at approximately $312,000. Urban Outfitters makes up 0.5% of Capital CS Group LLC's portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of URBN. Jones Financial Companies Lllp lifted its holdings in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying an additional 200 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after buying an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after buying an additional 470 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after buying an additional 250 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Urban Outfitters by 159.5% during the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock worth $151,000 after buying an additional 1,692 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Urban Outfitters stock traded down $0.55 during midday trading on Thursday, reaching $69.99. 603,647 shares of the company's stock were exchanged, compared to its average volume of 2,305,530. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $75.80. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.02 and a beta of 1.45. The stock's 50-day simple moving average is $56.23 and its 200 day simple moving average is $54.15.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.69 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Activity

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the sale, the insider now owns 100 shares of the company's stock, valued at approximately $7,259. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,332 shares of company stock worth $12,497,479. Corporate insiders own 31.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on URBN shares. UBS Group upped their target price on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Bank of America upped their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Robert W. Baird upped their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Finally, Citigroup dropped their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $69.36.

Urban Outfitters Company 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.