32,012 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,012 shares of the apparel retailer's stock, valued at approximately $1,677,000.

A number of other hedge funds have also made changes to their positions in URBN. Janney Montgomery Scott LLC purchased a new stake in Urban Outfitters during the 1st quarter worth about $1,094,000. Exchange Traded Concepts LLC purchased a new stake in Urban Outfitters during the 1st quarter worth about $52,000. Assenagon Asset Management S.A. increased its position in Urban Outfitters by 79.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 183,522 shares of the apparel retailer's stock worth $9,617,000 after purchasing an additional 81,491 shares in the last quarter. SG Americas Securities LLC increased its position in 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 in the last quarter. Finally, GAMMA Investing LLC increased its position in Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on URBN. Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Citigroup dropped their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group lifted their price objective on Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price target on shares of Urban Outfitters in a report on Wednesday, June 11th. Finally, Barclays lifted their price target on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Stock Down 0.1%

Shares of NASDAQ URBN traded down $0.10 during midday trading on Friday, hitting $73.52. The stock had a trading volume of 612,060 shares, compared to its average volume of 1,996,212. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.24 and a beta of 1.44. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $75.80. The company has a fifty day moving average price of $65.58 and a 200 day moving average price of $57.69.

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

Insider Activity

In related news, Director Kotzman Kelly Campbell sold 6,800 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total transaction of $510,680.00. Following the transaction, the director directly owned 4,750 shares of the company's stock, valued at approximately $356,725. The trade was a 58.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Melanie Marein-Efron sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the transaction, the chief financial officer directly owned 5,036 shares in the company, valued at $369,440.96. This trade represents a 79.88% 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 worth $11,636,158 in the last ninety days. 31.60% of the stock is currently owned by company insiders.

Urban Outfitters 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.