Nuveen LLC Makes New $43.77 Million Investment in Urban Outfitters, Inc. $URBN

Key Points

• Nuveen LLC has acquired a significant stake in Urban Outfitters, Inc., purchasing 835,291 shares valued at approximately $43.77 million, indicating a growing institutional interest in the company.
• Urban Outfitters recently reported an earnings per share (EPS) of $1.16, significantly beating analysts' expectations of $0.81, alongside a revenue of $1.33 billion for the quarter.
• Analysts have raised their price targets for Urban Outfitters, with estimates now ranging from $75 to $90, reflecting a consensus rating of "Moderate Buy."

Nuveen LLC acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 835,291 shares of the apparel retailer's stock, valued at approximately $43,769,000. Nuveen LLC owned 0.90% of Urban Outfitters at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP increased its position in shares of Urban Outfitters by 2.0% during the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after purchasing an additional 203 shares during the period. Xponance Inc. lifted its position in 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. boosted its stake in Urban Outfitters by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after buying an additional 228 shares in the last quarter. US Bancorp DE increased its holdings in Urban Outfitters by 16.4% in the 1st quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after buying an additional 262 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Urban Outfitters by 34.7% in the 1st 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 period. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

URBN has been the topic of a number of analyst reports. Citigroup reissued a "neutral" rating and issued a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a research note on Wednesday. Bank of America increased their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. UBS Group increased their price objective on Urban Outfitters from $75.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Morgan Stanley lifted their price objective on Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $77.27.

Insiders Place Their Bets

In related news, CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the completion of the sale, the chief financial officer directly owned 5,036 shares in the company, valued at $369,440.96. This trade represents a 79.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 dated 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 approximately $356,725. The trade was a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock valued at $11,636,158 over the last 90 days. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

Shares of URBN stock traded down $2.3230 during trading hours on Wednesday, reaching $73.0170. 1,039,485 shares of the company were exchanged, compared to its average volume of 2,109,264. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $80.71. The stock's fifty day moving average is $73.35 and its two-hundred day moving average is $61.94. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.33 and a beta of 1.44.

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

Urban Outfitters Company 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.