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

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

A number of other hedge funds have also recently added to or reduced their stakes in URBN. Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters during the first quarter valued at about $52,000. Assenagon Asset Management S.A. lifted its position in Urban Outfitters by 79.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 183,522 shares of the apparel retailer's stock valued at $9,617,000 after acquiring an additional 81,491 shares in the last quarter. SG Americas Securities LLC boosted its stake in Urban Outfitters by 313.4% during the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after purchasing an additional 17,696 shares during the last quarter. GAMMA Investing LLC increased 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 worth $54,000 after purchasing an additional 263 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Urban Outfitters in the first quarter worth approximately $40,544,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on URBN shares. Bank of America lifted their target price on Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. UBS Group raised their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and increased their price objective for the company from $50.00 to $70.00 in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. upgraded Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $63.00 to $78.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.09.

Urban Outfitters Stock Performance

URBN stock traded up $2.39 during midday trading on Monday, reaching $71.79. 97,694 shares of the company's stock traded hands, compared to its average volume of 1,981,699. The firm has a market capitalization of $6.44 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45. The company has a 50-day moving average price of $63.25 and a two-hundred day moving average price of $57.03. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $75.80.

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 for the quarter, beating the consensus estimate of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Kotzman Kelly Campbell sold 6,800 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director now directly owns 4,750 shares in the company, valued at approximately $356,725. This represents a 58.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 12,856 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total value of $938,488.00. The disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock valued at $11,636,158 in the last quarter. 31.80% of the stock is currently owned by corporate insiders.

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.