Natixis Advisors LLC Boosts Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Key Points

• Natixis Advisors LLC increased its stake in Urban Outfitters by 55.3% during the first quarter, owning 23,976 shares valued at approximately $1.26 million as of the latest SEC filing.
• Urban Outfitters recently reported earnings of $1.16 per share, exceeding analysts' expectations, with a revenue of $1.33 billion for the quarter, reflecting a 10.7% year-over-year increase.
• Several analysts have raised their price targets for Urban Outfitters, with Bank of America moving its target from $70.00 to $80.00 and giving the stock a "buy" rating.

Natixis Advisors LLC lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 55.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,976 shares of the apparel retailer's stock after buying an additional 8,542 shares during the period. Natixis Advisors LLC's holdings in Urban Outfitters were worth $1,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its position in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after purchasing an additional 1,094,134 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Urban Outfitters during the 1st quarter worth about $40,544,000. Voloridge Investment Management LLC purchased a new stake in shares of Urban Outfitters during the 4th quarter worth about $18,513,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of Urban Outfitters during the 4th quarter worth about $11,424,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Urban Outfitters during the 4th quarter worth about $10,219,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 480,296 shares of the company's stock, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 4,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total transaction of $317,340.00. Following the sale, the chief executive officer directly owned 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 in the last 90 days. 31.80% of the stock is owned by insiders.

Urban Outfitters Price Performance

NASDAQ URBN traded up $0.37 during trading hours on Tuesday, hitting $78.19. 979,789 shares of the company's stock traded hands, compared to its average volume of 2,134,574. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $80.71. The company has a market capitalization of $7.01 billion, a PE ratio of 16.36, a PEG ratio of 1.32 and a beta of 1.44. The firm's 50-day moving average is $72.50 and its 200-day moving average is $61.06.

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

Analysts Set New Price Targets

URBN has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. Telsey Advisory Group reissued a "market perform" rating and set a $72.00 target price on shares of Urban Outfitters in a research note on Wednesday, June 11th. Bank of America increased their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

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.