Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,114 shares of the apparel retailer's stock after purchasing an additional 19,551 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Urban Outfitters worth $7,086,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of URBN. KBC Group NV grew its stake in shares of Urban Outfitters by 41.8% during the 4th quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock worth $162,000 after purchasing an additional 872 shares during the period. Empirical Finance LLC acquired a new stake in Urban Outfitters during the 4th quarter valued at $813,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Urban Outfitters by 1,016.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after acquiring an additional 119,820 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after acquiring an additional 470 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Urban Outfitters by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 343,259 shares of the apparel retailer's stock worth $18,838,000 after purchasing an additional 12,184 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,332 shares of company stock worth $12,497,479 over the last ninety days. 31.60% of the stock is owned by insiders.

Urban Outfitters Stock Down 0.2%

Shares of URBN traded down $0.12 during trading on Tuesday, reaching $72.50. The company's stock had a trading volume of 1,720,417 shares, compared to its average volume of 1,969,301. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.02 and a beta of 1.33. The company has a fifty day moving average of $55.44 and a two-hundred day moving average of $53.91. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $0.69 earnings per share. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on URBN. Telsey Advisory Group reiterated a "market perform" rating and issued a $72.00 price target (up from $59.00) on shares of Urban Outfitters in a report on Thursday, May 22nd. Barclays lifted their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $63.00 to $78.00 in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $69.36.

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.