Rezny Wealth Management Inc. Purchases New Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Key Points

• Rezny Wealth Management Inc. acquired 28,313 shares of Urban Outfitters, valued at approximately $1.48 million, making it the firm's 26th largest holding.
• A significant number of large investors have recently increased their stakes in Urban Outfitters, with 77.61% of the stock owned by hedge funds and institutional investors.
• Urban Outfitters reported $1.16 earnings per share, surpassing estimates, and has a target price consensus of $75.00 from analysts.

Rezny Wealth Management Inc. bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,313 shares of the apparel retailer's stock, valued at approximately $1,484,000. Urban Outfitters comprises 0.4% of Rezny Wealth Management Inc.'s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in shares of Urban Outfitters by 53.8% in the first quarter. Citigroup Inc. now owns 154,225 shares of the apparel retailer's stock worth $8,081,000 after acquiring an additional 53,972 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Urban Outfitters by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after acquiring an additional 228 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of Urban Outfitters in the first quarter worth about $551,000. US Bancorp DE lifted its holdings in shares of Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after acquiring an additional 262 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Urban Outfitters by 55.3% in the first quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer's stock worth $1,256,000 after acquiring an additional 8,542 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Buying and Selling

In related news, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction 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 sale, the insider owned 100 shares of the company's stock, valued at approximately $7,259. This trade represents a 99.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 12,856 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total transaction of $938,488.00. 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 over the last ninety days. 31.60% of the stock is owned by company insiders.

Urban Outfitters Stock Down 1.8%

Urban Outfitters stock traded down $1.43 during mid-day trading on Friday, hitting $76.40. 2,179,830 shares of the stock were exchanged, compared to its average volume of 1,641,726. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $80.71. The firm's fifty day simple moving average is $72.39 and its two-hundred day simple moving average is $60.91. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.32 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.69 EPS. The company's revenue was up 10.7% compared to the same quarter last year. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research reports. Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. UBS Group upped their price objective on Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Barclays upped their price objective on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

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.