20,886 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,886 shares of the apparel retailer's stock, valued at approximately $1,094,000.

Several other large investors have also modified their holdings of the stock. Whipplewood Advisors LLC lifted its holdings in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 463 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the period. Exchange Traded Concepts LLC acquired a new position in Urban Outfitters in the first quarter valued at approximately $52,000. GAMMA Investing LLC lifted its stake in 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 last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after purchasing an additional 1,125 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the sale, the director owned 480,296 shares in the company, valued at $35,613,948.40. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total transaction of $510,680.00. Following the sale, the director directly owned 4,750 shares of the company's stock, valued at approximately $356,725. This trade represents a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,156 shares of company stock valued at $11,636,158. 31.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Bank of America increased their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Citigroup lowered their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $63.00 to $78.00 in a report on Thursday, May 22nd. Barclays increased their price target on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $50.00 to $70.00 in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of "Moderate Buy" and an average target price of $74.09.

Urban Outfitters Price Performance

NASDAQ URBN traded down $0.82 during trading hours on Wednesday, reaching $72.77. 724,896 shares of the company's stock traded hands, compared to its average volume of 1,983,382. The firm has a 50-day simple moving average of $64.21 and a 200 day simple moving average of $57.29. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $75.80. The firm has a market cap of $6.52 billion, a PE ratio of 15.25, a PEG ratio of 1.22 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. Urban Outfitters's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal 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.