Kestra Private Wealth Services LLC Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Key Points

• Kestra Private Wealth Services LLC invested approximately $548,000 in Urban Outfitters, acquiring 10,462 shares during the first quarter.
• Urban Outfitters reported $1.16 EPS for the last quarter, exceeding analysts' expectations of $0.81, with a net margin of 7.91% and a revenue increase of 10.7% year-over-year.
• Insider selling has increased, with directors selling a total of 159,156 shares worth $11,636,158 in the last three months, representing a significant decrease in their positions.

Kestra Private Wealth Services LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,462 shares of the apparel retailer's stock, valued at approximately $548,000.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Urban Outfitters in the 1st quarter worth about $52,000. GAMMA Investing LLC grew its stake in Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after acquiring an additional 263 shares in the last quarter. Covestor Ltd grew its stake in Urban Outfitters by 159.5% in the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock worth $151,000 after acquiring an additional 1,692 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Urban Outfitters in the 4th quarter worth about $173,000. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Up 3.1%

NASDAQ:URBN opened at $75.61 on Friday. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $78.22. The firm has a 50 day moving average of $70.79 and a 200 day moving average of $59.43. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.23 and a beta of 1.44.

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

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the transaction, the director owned 480,296 shares in the company, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kotzman Kelly Campbell sold 6,800 shares of the company's 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 transaction, the director owned 4,750 shares in the company, valued at $356,725. The trade was a 58.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 in the last three months. 31.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on URBN. Glj Research restated a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Citigroup lowered their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays upped their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and upped their price target for the stock 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 issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.09.

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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