Credit Agricole S A Purchases 12,521 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Credit Agricole S A increased its ownership of Urban Outfitters by 61.8%, acquiring an additional 12,521 shares to reach a total of 32,766 shares worth approximately $1.7 million.
• Several institutional investors have significantly boosted their stakes in Urban Outfitters, including Whipplewood Advisors with a 2,893.8% increase and Federated Hermes with a 17,175.0% increase.
• Urban Outfitters stock recently saw a price increase of 4.2% and has a market cap of $6.9 billion, with analysts providing mixed ratings and price targets ranging from $70 to $90.

Credit Agricole S A grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,766 shares of the apparel retailer's stock after buying an additional 12,521 shares during the quarter. Credit Agricole S A's holdings in Urban Outfitters were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of URBN. GSA Capital Partners LLP raised its stake in shares of Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after buying an additional 203 shares during the period. Xponance Inc. raised its stake in shares of Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after buying an additional 222 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Urban Outfitters by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock valued at $1,011,000 after buying an additional 228 shares during the period. US Bancorp DE raised its stake in shares of Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after buying an additional 262 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after buying an additional 263 shares during the period. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Stock Down 3.4%

NASDAQ:URBN traded down $2.37 during midday trading on Friday, hitting $67.33. The company had a trading volume of 1,794,406 shares, compared to its average volume of 2,147,885. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $80.71. The stock's fifty day moving average price is $74.16 and its 200-day moving average price is $62.81. The company has a market capitalization of $6.04 billion, a PE ratio of 13.14, a P/E/G ratio of 1.35 and a beta of 1.44.

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 the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.74%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were 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 $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 31.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a report on Thursday. UBS Group boosted their target price on shares of Urban Outfitters from $75.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Bank of America boosted their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Glj Research restated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $81.82.

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.