Dynamic Technology Lab Private Ltd Has $2.39 Million Stock Position in Urban Outfitters, Inc. $URBN

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Urban Outfitters, Inc. by 86.1%, now owning 45,541 shares valued at approximately $2.39 million.
• Multiple institutional investors have boosted their stakes in Urban Outfitters, with 77.61% of the stock owned by such investors and hedge funds.
• Analysts have set a consensus target price of $81.91 for Urban Outfitters, with ratings including one Strong Buy and several Buy and Hold recommendations.

Dynamic Technology Lab Private Ltd raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 86.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,541 shares of the apparel retailer's stock after purchasing an additional 21,067 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Urban Outfitters were worth $2,386,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP increased 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 valued at $545,000 after acquiring an additional 203 shares in the last quarter. Xponance Inc. increased its stake in shares of Urban Outfitters by 4.9% in the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after acquiring an additional 222 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Urban Outfitters by 1.2% during the 1st 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. US Bancorp DE boosted its holdings in Urban Outfitters by 16.4% during the 1st quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after acquiring an additional 262 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on URBN shares. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Telsey Advisory Group increased 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. UBS Group increased their target price on Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Citigroup restated a "neutral" rating and set a $76.00 target price (up from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. Finally, Morgan Stanley lifted their target price on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $81.91.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at $999,210. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.60% of the stock is currently owned by corporate insiders.

Urban Outfitters Trading Down 5.4%

Shares of Urban Outfitters stock traded down $3.91 during midday trading on Friday, reaching $67.79. The company had a trading volume of 813,071 shares, compared to its average volume of 2,152,854. The stock has a fifty day simple moving average of $74.01 and a 200 day simple moving average of $63.80. Urban Outfitters, Inc. has a 1-year low of $34.76 and a 1-year high of $80.71. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Sell-side analysts expect 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.