Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,847 shares of the apparel retailer's stock, valued at approximately $2,979,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Urban Outfitters at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in URBN. Xponance Inc. lifted its position in shares of Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after acquiring an additional 222 shares in the last quarter. GAMMA Investing LLC raised its stake in Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after purchasing an additional 263 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Urban Outfitters by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after purchasing an additional 351 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 463 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Urban Outfitters by 9.3% during the fourth quarter. Bank of Montreal Can now owns 6,730 shares of the apparel retailer's stock worth $369,000 after buying an additional 570 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Activity

In other Urban Outfitters news, Director Kotzman Kelly Campbell sold 6,800 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $75.10, for a total transaction of $510,680.00. Following the sale, the director owned 4,750 shares of the company's stock, valued at approximately $356,725. This trade represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the sale, the insider owned 100 shares in the company, valued at $7,259. This represents a 99.88% 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 over the last three months. Company insiders own 31.60% of the company's stock.

Urban Outfitters Price Performance

Shares of URBN stock traded up $0.93 on Friday, hitting $76.21. The stock had a trading volume of 2,036,002 shares, compared to its average volume of 1,623,481. The company's 50 day moving average price is $71.87 and its 200-day moving average price is $60.12. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $78.22. The firm has a market capitalization of $6.83 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.30 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. BMO Capital Markets set a $76.00 price objective on Urban Outfitters and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $72.00 target price on shares of Urban Outfitters in a research note on Wednesday, June 11th. Finally, Wall Street Zen lowered Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

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.