Janney Montgomery Scott LLC Has $2 Million Stock Holdings in Urban Outfitters, Inc. $URBN

Key Points

• Janney Montgomery Scott LLC increased its holdings in Urban Outfitters, Inc. by 32.1% in the second quarter, resulting in ownership of 27,584 shares valued at $2 million.
• Urban Outfitters recently reported a quarterly EPS of $1.58, exceeding analysts' estimates and reflecting an 11.3% growth in revenue year-over-year.
• Several analysts have raised their price targets on Urban Outfitters, with Morgan Stanley setting a target of $84.00 and Barclays issuing a target of $89.00, indicating a generally positive outlook for the stock.

Janney Montgomery Scott LLC lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 32.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,584 shares of the apparel retailer's stock after buying an additional 6,698 shares during the quarter. Janney Montgomery Scott LLC's holdings in Urban Outfitters were worth $2,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Diversified Trust Co increased its position in shares of Urban Outfitters by 0.9% in the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer's stock worth $1,429,000 after purchasing an additional 185 shares during the period. GSA Capital Partners LLP increased its position in shares of Urban Outfitters by 2.0% in the first 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. increased its position in shares of Urban Outfitters by 4.9% in the first 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. increased its position in shares of Urban Outfitters by 1.2% in the first 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. Finally, US Bancorp DE increased its position in shares of Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 3,400 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total value of $237,218.00. Following the transaction, the chief executive officer directly owned 10,077 shares of the company's stock, valued at approximately $703,072.29. The trade was a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Egan sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares in the company, valued at approximately $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.60% of the stock is currently owned by insiders.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $68.34 on Friday. The stock's 50 day moving average is $73.10 and its 200 day moving average is $66.45. The firm has a market cap of $6.13 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.10 and a beta of 1.26. Urban Outfitters, Inc. has a one year low of $34.76 and a one year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 18.43% and a net margin of 8.15%.The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. Equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on URBN shares. Morgan Stanley raised their price target on Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Wall Street Zen cut Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. UBS Group lifted their target price on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Barclays reiterated an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a research report on Friday, August 29th. Finally, Telsey Advisory Group lifted their target price on Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.91.

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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