SG Americas Securities LLC Buys 18,225 Shares of Urban Outfitters, Inc. $URBN

Key Points

• SG Americas Securities LLC raised its stake in Urban Outfitters by 243.4% in Q4, buying 18,225 shares to hold 25,712 shares valued at about $1.94 million.
• Urban Outfitters beat Q4 expectations with EPS $1.43 vs. $1.24 and revenue of $1.80 billion (vs. $1.79B), with revenue up 10.1% year‑over‑year and analysts projecting ~3.91 EPS for the current year.
• CEO Richard Hayne sold 10,667 shares in January and insiders sold 273,517 shares (~$19.9M) over the past three months; insiders own 31.60% of the company while institutional investors hold about 77.61%.

SG Americas Securities LLC increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 243.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,712 shares of the apparel retailer's stock after purchasing an additional 18,225 shares during the period. SG Americas Securities LLC's holdings in Urban Outfitters were worth $1,935,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of URBN. Root Financial Partners LLC bought a new position in Urban Outfitters in the 3rd quarter valued at about $25,000. Hollencrest Capital Management acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $26,000. Global Retirement Partners LLC increased its stake in Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 274 shares in the last quarter. Finally, First Horizon Corp acquired a new position in Urban Outfitters during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $64.57 on Monday. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.25 and a beta of 1.20. The stock has a fifty day moving average of $66.82 and a 200-day moving average of $69.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Activity

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm's stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $74.35, for a total value of $793,091.45. Following the completion of the transaction, the chief executive officer owned 17,675,928 shares in the company, valued at $1,314,205,246.80. This trade represents a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 273,517 shares of company stock valued at $19,864,530 over the last three months. Corporate insiders own 31.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Urban Outfitters in a report on Monday, December 29th. Guggenheim initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a "neutral" rating for the company. UBS Group reiterated a "neutral" rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Telsey Advisory Group reissued an "outperform" rating and set a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th. Finally, Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $86.25.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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