ProShare Advisors LLC Boosts Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

ProShare Advisors LLC grew its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 43.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,945 shares of the apparel retailer's stock after buying an additional 5,717 shares during the quarter. ProShare Advisors LLC's holdings in Urban Outfitters were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after buying an additional 250 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Urban Outfitters by 1.7% in the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after buying an additional 252 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Urban Outfitters by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after buying an additional 351 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Urban Outfitters by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer's stock valued at $1,046,000 after buying an additional 365 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Trading Up 4.3%

NASDAQ:URBN traded up $3.12 during trading hours on Tuesday, hitting $75.40. 1,828,582 shares of the stock were exchanged, compared to its average volume of 1,944,601. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $75.54. The firm's fifty day moving average price is $53.29 and its 200 day moving average price is $52.71. The company has a market cap of $6.99 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data 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 15.86% and a net margin of 6.11%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.69 EPS. Urban Outfitters's quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

URBN has been the subject of a number of analyst reports. UBS Group upped their price target on Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $46.00 price target (up previously from $42.00) on shares of Urban Outfitters in a report on Wednesday, May 21st. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $72.00 price target (up previously from $59.00) on shares of Urban Outfitters in a report on Thursday, May 22nd. Wall Street Zen raised Urban Outfitters from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $67.45.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares of the company's stock, valued at $679,697.94. This trade represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,976 shares of company stock worth $1,663,713. Corporate 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.