Dynamic Technology Lab Private Ltd Has $2.39 Million Holdings 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 increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 86.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,541 shares of the apparel retailer's stock after purchasing an additional 21,067 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Urban Outfitters were worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in Urban Outfitters by 2.0% in the 1st 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 period. Xponance Inc. boosted its stake in 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 purchasing an additional 222 shares during the period. PNC Financial Services Group Inc. boosted its stake in Urban Outfitters by 1.2% in 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 period. US Bancorp DE increased its stake in Urban Outfitters by 16.4% in the 1st 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 last quarter. Finally, GAMMA Investing LLC increased its stake in Urban Outfitters by 34.7% in the 1st 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 last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on URBN shares. Morgan Stanley lifted their price target on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their price target on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $81.91.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 4,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the transaction, the chief executive officer directly owned 13,477 shares of the company's stock, valued at $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.60% of the stock is owned by insiders.

Urban Outfitters Trading Down 0.8%

Shares of NASDAQ URBN opened at $70.77 on Friday. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $80.71. The stock has a 50 day moving average of $74.13 and a 200-day moving average of $63.37. The company has a market capitalization of $6.34 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.14 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion for 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 company's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. Analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Urban Outfitters 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.

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