HighTower Advisors LLC Makes New $241,000 Investment in Urban Outfitters, Inc. $URBN

Key Points

• HighTower Advisors LLC has acquired a new position in Urban Outfitters, purchasing 4,606 shares valued at approximately $241,000 in the first quarter.
• Urban Outfitters' stock has received various ratings from analysts, with price targets ranging from $75.00 to $93.00, reflecting positive sentiment towards the stock.
• Despite fluctuations, Urban Outfitters reported a notable earnings performance, with earnings per share of $1.58, exceeding analysts' estimates and showcasing an 11.3% revenue increase year-over-year.

HighTower Advisors LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,606 shares of the apparel retailer's stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also modified their holdings of URBN. Raymond James Financial Inc. acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $513,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Urban Outfitters by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,140 shares of the apparel retailer's stock valued at $2,203,000 after purchasing an additional 4,281 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Urban Outfitters during the 4th quarter worth $578,000. Northern Trust Corp grew its holdings 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 acquiring an additional 54,337 shares during the period. Finally, Comerica Bank grew its holdings in Urban Outfitters by 134.5% during the 4th quarter. Comerica Bank now owns 48,961 shares of the apparel retailer's stock worth $2,687,000 after acquiring an additional 28,086 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on URBN. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $89.00 target price on shares of Urban Outfitters in a report on Friday, August 29th. Bank of America lifted their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Morgan Stanley lifted their target price on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Finally, Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $81.91.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer directly owned 13,477 shares of the company's stock, valued at approximately $950,398.04. The trade was a 25.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 31.60% of the company's stock.

Urban Outfitters Trading Down 0.8%

Shares of URBN stock traded down $0.58 on Friday, hitting $70.77. The stock had a trading volume of 2,111,829 shares, compared to its average volume of 2,222,433. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $80.71. The firm has a market cap of $6.34 billion, a P/E ratio of 13.82, a PEG ratio of 1.14 and a beta of 1.29. The company has a fifty day moving average price of $74.13 and a two-hundred day moving average price of $63.37.

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. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

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.