Hsbc Holdings PLC acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,033 shares of the apparel retailer's stock, valued at approximately $3,011,000. Hsbc Holdings PLC owned approximately 0.06% of Urban Outfitters at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Urban Outfitters by 11.2% during the first quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock valued at $121,700,000 after purchasing an additional 233,371 shares in the last quarter. Junto Capital Management LP boosted its holdings in Urban Outfitters by 0.9% during the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock valued at $81,422,000 after purchasing an additional 13,820 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Urban Outfitters by 27.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after purchasing an additional 302,444 shares in the last quarter. Nuveen LLC acquired a new stake in Urban Outfitters during the first quarter valued at approximately $43,769,000. Finally, Wedge Capital Management L L P NC acquired a new stake in Urban Outfitters during the first quarter valued at approximately $40,544,000. 77.61% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on URBN shares. Morgan Stanley lifted their price objective on Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Barclays boosted their target price on Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen downgraded Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $77.27.
Get Our Latest Stock Report on Urban Outfitters
Insider Activity at Urban Outfitters
In related news, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 13,477 shares in the company, valued at $950,398.04. The trade was a 25.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the completion of the transaction, the insider owned 100 shares of the company's stock, valued at $7,259. This trade represents a 99.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 31.80% of the company's stock.
Urban Outfitters Price Performance
URBN stock opened at $76.26 on Wednesday. The company has a 50 day moving average price of $73.96 and a 200 day moving average price of $62.61. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $80.71. The stock has a market capitalization of $6.84 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.44.
Urban Outfitters Profile
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Free Report)
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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