Principal Financial Group Inc. Has $18.52 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Principal Financial Group Inc. boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,495 shares of the apparel retailer's stock after buying an additional 10,236 shares during the quarter. Principal Financial Group Inc. owned approximately 0.38% of Urban Outfitters worth $18,523,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock worth $114,653,000 after acquiring an additional 173,082 shares in the last quarter. Junto Capital Management LP increased its position in Urban Outfitters by 0.9% in the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock worth $81,422,000 after purchasing an additional 13,820 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock worth $64,482,000 after purchasing an additional 60,697 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Urban Outfitters by 183,272.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after buying an additional 1,094,134 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Urban Outfitters in the 1st quarter valued at approximately $40,544,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the transaction, the director directly owned 480,296 shares in the company, valued at $35,613,948.40. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Margaret Hayne sold 80,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total value of $5,807,200.00. Following the completion of the transaction, the insider directly owned 100 shares of the company's stock, valued at approximately $7,259. This trade represents a 99.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,156 shares of company stock worth $11,636,158. 31.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on URBN shares. Telsey Advisory Group reissued a "market perform" rating and issued a $72.00 target price on shares of Urban Outfitters in a research report on Wednesday, June 11th. BMO Capital Markets set a $76.00 target price on shares of Urban Outfitters and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and raised their target price for the company from $50.00 to $70.00 in a report on Friday, June 6th. Citigroup decreased their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised Urban Outfitters from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $63.00 to $78.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.09.

Urban Outfitters Stock Down 0.2%

NASDAQ URBN traded down $0.18 during trading on Monday, hitting $72.10. The company's stock had a trading volume of 1,746,615 shares, compared to its average volume of 1,995,516. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $75.80. The firm has a market cap of $6.46 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The firm has a 50 day moving average price of $67.41 and a 200 day moving average price of $58.30.

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, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. Urban Outfitters's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. On average, equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.