OMERS ADMINISTRATION Corp Takes Position in Urban Outfitters, Inc. $URBN

Key Points

• OMERS ADMINISTRATION Corp acquired 9,100 shares of Urban Outfitters, Inc. valued at approximately $477,000 in the first quarter of 2023.
• Several institutions, including American Century Companies and Fuller & Thaler Asset Management, have increased their stakes in Urban Outfitters, bringing institutional ownership to 77.61% of the company's stock.
• Urban Outfitters recently reported earnings of $1.58 per share, exceeding analysts' estimates, with revenue of $1.50 billion, reflecting an 11.3% year-over-year increase.

OMERS ADMINISTRATION Corp purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,100 shares of the apparel retailer's stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC boosted its holdings in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after buying an additional 463 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after buying an additional 687 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth $46,000. Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth $52,000. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 263 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Tricia D. Smith sold 4,500 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the sale, the chief executive officer directly owned 13,477 shares of the company's stock, valued at $950,398.04. This trade represents a 25.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 31.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on URBN shares. UBS Group increased their target price on Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Robert W. Baird upgraded 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 report on Wednesday, June 11th. Barclays reiterated an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Friday, August 29th. Finally, Wells Fargo & Company increased their target price on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, five 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 company presently has an average rating of "Hold" and a consensus target price of $81.91.

Urban Outfitters Stock Down 0.8%

NASDAQ URBN traded down $0.58 on Friday, reaching $70.77. The company had a trading volume of 2,111,829 shares, compared to its average volume of 2,222,433. The stock has a market capitalization of $6.34 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.14 and a beta of 1.29. The company's fifty day moving average is $74.13 and its 200 day moving average is $63.37. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The business had revenue of $1.50 billion during 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%.Urban Outfitters's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS 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.