Principal Financial Group Inc. Acquires 10,236 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Principal Financial Group Inc. lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 353,495 shares of the apparel retailer's stock after purchasing an additional 10,236 shares during the quarter. Principal Financial Group Inc. owned 0.38% of Urban Outfitters worth $18,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 250 shares during the period. Natixis Advisors LLC raised its holdings in shares of Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after acquiring an additional 252 shares during the period. GAMMA Investing LLC raised its holdings in shares of Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after acquiring an additional 263 shares during the period. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Urban Outfitters by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after acquiring an additional 351 shares during the period. 77.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on URBN. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and set a $72.00 price objective on shares of Urban Outfitters in a report on Wednesday, June 11th. Bank of America raised their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Trading Down 0.3%

Shares of Urban Outfitters stock traded down $0.19 during trading on Friday, hitting $72.28. 1,231,261 shares of the stock were exchanged, compared to its average volume of 1,996,516. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a fifty day moving average price of $67.41 and a 200-day moving average price of $58.28. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its 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. The business had revenue of $1.33 billion during 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 revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the sale, the chief financial officer owned 5,036 shares of the company's stock, valued at approximately $369,440.96. The trade was a 79.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the sale, the insider directly owned 100 shares of the company's stock, valued at $7,259. The trade was a 99.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 in the last ninety days. Insiders own 31.60% of the company's stock.

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.