Picton Mahoney Asset Management Grows Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Picton Mahoney Asset Management boosted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 22,659.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,283 shares of the apparel retailer's stock after buying an additional 7,251 shares during the period. Picton Mahoney Asset Management's holdings in Urban Outfitters were worth $382,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Urban Outfitters by 313.4% during the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock worth $1,223,000 after purchasing an additional 17,696 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters during the 1st quarter worth approximately $52,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Urban Outfitters by 1,778.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock worth $1,898,000 after purchasing an additional 32,747 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Urban Outfitters during the 1st quarter worth approximately $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Urban Outfitters by 17.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock worth $7,086,000 after purchasing an additional 19,551 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America boosted 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. Morgan Stanley boosted their target price on Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $78.00 to $88.00 and gave the company an "overweight" rating in a report on Monday. Telsey Advisory Group reiterated a "market perform" rating and issued a $72.00 price objective on shares of Urban Outfitters in a report on Wednesday, June 11th. Finally, Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $75.00 to $90.00 in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 12,856 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total value of $938,488.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kotzman Kelly Campbell sold 6,800 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total value of $510,680.00. Following the completion of the transaction, the director owned 4,750 shares of the company's stock, valued at approximately $356,725. This trade represents a 58.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,156 shares of company stock valued at $11,636,158 in the last 90 days. Insiders own 31.60% of the company's stock.

Urban Outfitters Stock Performance

Shares of URBN traded up $0.93 during midday trading on Friday, hitting $76.21. 2,036,002 shares of the stock were exchanged, compared to its average volume of 1,623,481. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $78.22. The stock has a fifty day simple moving average of $71.87 and a 200 day simple moving average of $60.12. The firm has a market cap of $6.83 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.30 and a beta of 1.44.

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

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.