SG Americas Securities LLC Has $1.22 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

SG Americas Securities LLC lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 313.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,342 shares of the apparel retailer's stock after acquiring an additional 17,696 shares during the period. SG Americas Securities LLC's holdings in Urban Outfitters were worth $1,223,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its stake in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Urban Outfitters by 61.5% in the fourth 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after buying an additional 263 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 12,856 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total value of $938,488.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer now owns 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% 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 valued at $11,636,158 in the last quarter. 31.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and issued a $72.00 target price on shares of Urban Outfitters in a research note on Wednesday, June 11th. Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Barclays boosted their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Finally, UBS Group boosted their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.09.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $70.82 on Tuesday. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $75.80. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.02 and a beta of 1.45. The company's 50 day moving average price is $59.64 and its 200-day moving average price is $55.91.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

About Urban Outfitters

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.

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